Two Sigma Securities LLC Sells 4,728 Shares of General Mills, Inc. (NYSE:GIS)

Two Sigma Securities LLC reduced its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 34.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,172 shares of the company's stock after selling 4,728 shares during the period. Two Sigma Securities LLC's holdings in General Mills were worth $585,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GIS. Norges Bank bought a new position in General Mills during the 4th quarter worth about $496,484,000. Nordea Investment Management AB grew its holdings in shares of General Mills by 64.5% during the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock worth $497,054,000 after buying an additional 3,058,414 shares in the last quarter. JPMorgan Chase & Co. raised its position in General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after buying an additional 2,926,232 shares during the last quarter. Nepsis Inc. raised its position in General Mills by 3,504.8% in the 4th quarter. Nepsis Inc. now owns 2,164,395 shares of the company's stock valued at $138,023,000 after buying an additional 2,104,353 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in General Mills by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company's stock valued at $4,376,573,000 after acquiring an additional 1,868,508 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Bank of America cut their price objective on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Piper Sandler cut their price target on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. Jefferies Financial Group raised 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. Barclays dropped their target price on General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $65.00.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Performance

Shares of GIS stock traded down $1.00 on Thursday, hitting $55.74. The company's stock had a trading volume of 1,713,311 shares, compared to its average volume of 4,395,132. General Mills, Inc. has a fifty-two week low of $55.01 and a fifty-two week high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The stock's 50 day moving average is $59.13 and its 200-day moving average is $62.08. The company has a market capitalization of $30.72 billion, a PE ratio of 12.11, a PEG ratio of 1.94 and a beta of 0.15.

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

General Mills Company Profile

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.