Charles Schwab Investment Management Inc. Has $427.14 Million Position in General Mills, Inc. (NYSE:GIS)

Charles Schwab Investment Management Inc. cut its position in shares of General Mills, Inc. (NYSE:GIS) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,707,080 shares of the company’s stock after selling 820,909 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.18% of General Mills worth $427,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. Operose Advisors LLC increased its stake in General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after acquiring an additional 274 shares during the period. MeadowBrook Investment Advisors LLC bought a new stake in shares of General Mills in the 4th quarter valued at approximately $27,000. Bruce G. Allen Investments LLC acquired a new position in shares of General Mills in the 4th quarter worth approximately $28,000. Authentikos Wealth Advisory LLC bought a new position in shares of General Mills during the 3rd quarter worth approximately $31,000. Finally, HHM Wealth Advisors LLC acquired a new stake in General Mills in the 3rd quarter valued at $32,000. 75.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

General Mills Trading Up 1.1 %

Shares of GIS stock traded up $0.75 during trading hours on Tuesday, reaching $69.89. The company had a trading volume of 2,453,764 shares, compared to its average volume of 4,184,218. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89. The company has a 50 day moving average of $68.36 and a 200 day moving average of $65.97. The firm has a market cap of $39.69 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 2.41 and a beta of 0.15.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 EPS. On average, equities research analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on GIS shares. Wells Fargo & Company increased their price objective on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $72.00 price target on shares of General Mills in a report on Thursday, March 21st. Morgan Stanley upped their price objective on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Citigroup assumed coverage on shares of General Mills in a report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective for the company. Finally, Bank of America boosted their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.