Searle & CO. Sells 1,600 Shares of General Mills, Inc. (NYSE:GIS)

Searle & CO. lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 28.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the company’s stock after selling 1,600 shares during the quarter. Searle & CO.’s holdings in General Mills were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. L.M. Kohn & Company raised its holdings in shares of General Mills by 2.6% in the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock worth $386,000 after acquiring an additional 155 shares during the last quarter. Traverso Chambers Private Wealth Management LLC increased its stake in General Mills by 1.0% in the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after buying an additional 156 shares during the last quarter. TrueWealth Advisors LLC increased its stake in General Mills by 4.3% in the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock valued at $246,000 after buying an additional 158 shares during the last quarter. Csenge Advisory Group increased its stake in General Mills by 1.0% in the 3rd quarter. Csenge Advisory Group now owns 16,079 shares of the company’s stock valued at $1,029,000 after buying an additional 164 shares during the last quarter. Finally, Lincoln National Corp increased its stake in General Mills by 0.5% in the 3rd quarter. Lincoln National Corp now owns 35,838 shares of the company’s stock valued at $2,293,000 after buying an additional 164 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GIS. Bank of America raised their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $72.00 price objective on shares of General Mills in a report on Thursday, March 21st. Morgan Stanley raised their price objective on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. raised their price objective on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Barclays raised their price objective on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.18.

General Mills Trading Down 0.7 %

NYSE:GIS traded down $0.47 during trading hours on Wednesday, reaching $69.99. The company’s stock had a trading volume of 3,384,656 shares, compared to its average volume of 4,233,668. The firm has a market capitalization of $39.75 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.42 and a beta of 0.15. The firm has a 50-day simple moving average of $67.87 and a 200-day simple moving average of $65.73. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

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

Insiders Place Their Bets

In related news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated 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 approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.24% of the company’s stock.

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.