Autumn Glory Partners LLC Reduces Position in General Mills, Inc. (NYSE:GIS)

Autumn Glory Partners LLC cut its position in General Mills, Inc. (NYSE:GIS) by 50.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,825 shares of the company’s stock after selling 3,926 shares during the period. Autumn Glory Partners LLC’s holdings in General Mills were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GIS. Norges Bank purchased a new stake in shares of General Mills in the 4th quarter valued at approximately $496,484,000. Ameriprise Financial Inc. grew its position in shares of General Mills by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock valued at $581,903,000 after buying an additional 2,341,137 shares during the last quarter. Vanguard Group Inc. grew its position in shares of 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 buying an additional 1,868,508 shares during the last quarter. LSV Asset Management grew its position in shares of General Mills by 115.2% in the 4th quarter. LSV Asset Management now owns 2,817,780 shares of the company’s stock valued at $179,690,000 after buying an additional 1,508,680 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of General Mills in the 4th quarter valued at $80,994,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GIS has been the subject of several recent analyst reports. Barclays reduced their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price objective on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company reduced their price objective on shares of General Mills from $61.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday. Stifel Nicolaus dropped their target price on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Piper Sandler dropped their target price on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.75.

General Mills Stock Down 0.3%

General Mills stock opened at $52.91 on Thursday. The company has a 50-day simple moving average of $55.12 and a 200-day simple moving average of $59.03. The firm has a market capitalization of $29.17 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.24 and a beta of 0.02. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.44 and a current ratio of 0.67. General Mills, Inc. has a one year low of $52.39 and a one year high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.02% and a return on equity of 26.39%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. As a group, equities analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current 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.