Hyman Charles D Sells 430 Shares of General Mills, Inc. (NYSE:GIS)

Hyman Charles D trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,835 shares of the company’s stock after selling 430 shares during the quarter. Hyman Charles D’s holdings in General Mills were worth $2,465,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacific Capital Wealth Advisors Inc. bought a new position in General Mills during the 4th quarter valued at about $56,000. Sawgrass Asset Management LLC boosted its position in shares of General Mills by 18.1% during the fourth quarter. Sawgrass Asset Management LLC now owns 10,512 shares of the company’s stock valued at $685,000 after buying an additional 1,612 shares during the period. Apollon Wealth Management LLC grew its stake in shares of General Mills by 122.7% during the fourth quarter. Apollon Wealth Management LLC now owns 23,675 shares of the company’s stock valued at $1,542,000 after buying an additional 13,043 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in shares of General Mills in the fourth quarter worth approximately $287,000. Finally, Private Advisor Group LLC lifted its stake in shares of General Mills by 29.8% during the 4th quarter. Private Advisor Group LLC now owns 129,469 shares of the company’s stock worth $8,434,000 after acquiring an additional 29,700 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Stock Performance

Shares of GIS traded up $0.75 during trading hours on Tuesday, reaching $69.89. 2,453,764 shares of the company traded hands, compared to its average volume of 4,184,218. The stock has a market capitalization of $39.69 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.41 and a beta of 0.15. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The business has a fifty day moving average price of $68.36 and a 200-day moving average price of $65.97. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Equities analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Insider Buying and Selling at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GIS shares. Bank of America lifted their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. TD Cowen boosted their price objective on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Wells Fargo & Company raised their target price on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Mizuho boosted their price target on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, HSBC raised their price objective on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.