General Mills, Inc. (NYSE:GIS) Shares Sold by Capital International Ltd. CA

Capital International Ltd. CA decreased its stake in General Mills, Inc. (NYSE:GIS) by 28.7% during the 4th quarter, HoldingsChannel reports. The firm owned 33,037 shares of the company’s stock after selling 13,291 shares during the period. Capital International Ltd. CA’s holdings in General Mills were worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GIS. Operose Advisors LLC raised its stake in General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after acquiring an additional 274 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new stake in shares of General Mills in the 4th quarter worth $27,000. Bruce G. Allen Investments LLC bought a new stake in shares of General Mills in the 4th quarter worth $28,000. Fortitude Family Office LLC bought a new stake in shares of General Mills in the 4th quarter worth $40,000. Finally, Northwest Financial Advisors bought a new stake in shares of General Mills in the 4th quarter worth $45,000. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Down 1.2 %

GIS stock traded down $0.84 during mid-day trading on Wednesday, hitting $67.30. The stock had a trading volume of 1,578,652 shares, compared to its average volume of 4,046,929. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $85.78. The company has a fifty day moving average of $69.56 and a 200 day moving average of $66.57. The stock has a market capitalization of $38.22 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.93 and a beta of 0.12.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for 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 business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. On average, equities analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Insider Transactions at General Mills

In other news, insider Werner Lanette Shaffer sold 710 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the transaction, the insider now owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GIS has been the topic of a number of research reports. HSBC boosted their price objective on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $72.00 price objective on shares of General Mills in a research note on Thursday, March 21st. Morgan Stanley lifted their target price on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. Stifel Nicolaus restated a “buy” rating and issued a $77.00 target price on shares of General Mills in a report on Monday, April 22nd. Finally, 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 report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given 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 $71.94.

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