General Mills, Inc. $GIS Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its position in shares of General Mills, Inc. (NYSE:GIS) by 28.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 506,919 shares of the company’s stock after selling 196,958 shares during the period. TD Asset Management Inc’s holdings in General Mills were worth $23,572,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GIS. Vermillion & White Wealth Management Group LLC purchased a new stake in General Mills in the 3rd quarter worth approximately $25,000. Close Asset Management Ltd purchased a new position in shares of General Mills during the 3rd quarter worth $28,000. Bruce G. Allen Investments LLC boosted its holdings in shares of General Mills by 139.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after purchasing an additional 337 shares during the last quarter. Binnacle Investments Inc grew its position in shares of General Mills by 312.5% in the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares during the period. Finally, Kelleher Financial Advisors purchased a new stake in shares of General Mills in the third quarter valued at $34,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the topic of several recent analyst reports. Bank of America reduced their target price on General Mills from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Mizuho lowered their price target on General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Evercore set a $45.00 price objective on shares of General Mills in a research note on Wednesday, February 18th. TD Cowen cut their price objective on shares of General Mills from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. Finally, BTIG Research started coverage on shares of General Mills in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $39.39.

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the transaction, the insider owned 86,002 shares in the company, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the sale, the insider directly owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

General Mills Stock Performance

General Mills stock opened at $33.18 on Monday. The company has a market cap of $17.71 billion, a price-to-earnings ratio of 8.11 and a beta of -0.03. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $55.19. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. The stock’s 50-day moving average is $34.81 and its 200-day moving average is $41.44.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period last year, the company posted $1.12 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities analysts anticipate that General Mills, Inc. will post 3.43 earnings per share for the current year.

General Mills Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.