Silvercrest Asset Management Group LLC Lowers Stock Holdings in General Mills, Inc. (NYSE:GIS)

Silvercrest Asset Management Group LLC trimmed its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 810,667 shares of the company's stock after selling 36,360 shares during the period. Silvercrest Asset Management Group LLC owned 0.15% of General Mills worth $51,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new stake in shares of General Mills in the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC acquired a new position in General Mills in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills in the fourth quarter valued at approximately $31,000. VSM Wealth Advisory LLC acquired a new position in General Mills in the fourth quarter valued at approximately $32,000. Finally, Transce3nd LLC acquired a new position in General Mills in the fourth quarter valued at approximately $32,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus decreased their price objective on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Jefferies Financial Group upped their price objective on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 10th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. JPMorgan Chase & Co. lowered their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Finally, Barclays lowered their price target on General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $64.69.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This trade represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company's stock.

General Mills Stock Down 0.6%

General Mills stock traded down $0.33 during midday trading on Monday, reaching $54.80. The company's stock had a trading volume of 4,160,013 shares, compared to its average volume of 4,496,960. General Mills, Inc. has a fifty-two week low of $52.93 and a fifty-two week high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company has a market cap of $30.21 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.94 and a beta of 0.05. The business has a 50-day simple moving average of $57.43 and a 200-day simple moving average of $60.76.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period last year, the firm earned $1.17 earnings per share. General Mills's quarterly revenue was down 5.1% on a year-over-year basis. On average, research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.