General Mills, Inc. (NYSE:GIS) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC trimmed its position in General Mills, Inc. (NYSE:GIS) by 2.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 158,789 shares of the company’s stock after selling 4,101 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in General Mills were worth $8,217,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Old North State Trust LLC increased its holdings in General Mills by 5.9% during the 1st quarter. Old North State Trust LLC now owns 3,508 shares of the company’s stock worth $181,000 after purchasing an additional 195 shares in the last quarter. Montecito Bank & Trust increased its holdings in General Mills by 2.6% during the 1st quarter. Montecito Bank & Trust now owns 7,928 shares of the company’s stock worth $410,000 after purchasing an additional 200 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in General Mills by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 31,500 shares of the company’s stock worth $1,630,000 after purchasing an additional 200 shares in the last quarter. Winslow Evans & Crocker Inc. increased its holdings in General Mills by 5.2% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 4,042 shares of the company’s stock worth $212,000 after purchasing an additional 200 shares in the last quarter. Finally, Marietta Investment Partners LLC increased its holdings in General Mills by 3.3% during the 1st quarter. Marietta Investment Partners LLC now owns 6,200 shares of the company’s stock worth $321,000 after purchasing an additional 200 shares in the last quarter. 69.80% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Donal L. Mulligan sold 126,337 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $50.00, for a total value of $6,316,850.00. Following the transaction, the chief financial officer now owns 378,663 shares in the company, valued at $18,933,150. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shawn P. Ogrady sold 118,152 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $48.50, for a total value of $5,730,372.00. Following the completion of the transaction, the insider now owns 187,891 shares in the company, valued at approximately $9,112,713.50. The disclosure for this sale can be found here. Insiders sold a total of 323,500 shares of company stock worth $16,030,489 in the last 90 days. Company insiders own 0.59% of the company’s stock.

Shares of NYSE GIS opened at $52.99 on Friday. General Mills, Inc. has a twelve month low of $36.42 and a twelve month high of $53.66. The company has a market capitalization of $31.50 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.25 and a beta of 0.75. The company has a current ratio of 0.55, a quick ratio of 0.35 and a debt-to-equity ratio of 1.61.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.14. General Mills had a return on equity of 28.11% and a net margin of 9.26%. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the business earned $0.79 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. On average, analysts forecast that General Mills, Inc. will post 3.15 EPS for the current fiscal year.

A number of brokerages have commented on GIS. Jefferies Financial Group reissued a “buy” rating and set a $55.00 price objective on shares of General Mills in a report on Wednesday, March 20th. Wells Fargo & Co boosted their price objective on General Mills from $53.00 to $56.00 and gave the stock a “positive” rating in a report on Friday, March 22nd. Guggenheim reissued a “buy” rating on shares of General Mills in a report on Tuesday, February 26th. Morgan Stanley boosted their price objective on General Mills from $41.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Finally, Citigroup reissued a “top pick” rating and set a $60.00 price objective (up from $54.00) on shares of General Mills in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.16.

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General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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