General Mills, Inc. (NYSE:GIS) Stock Position Decreased by Bokf Na

Bokf Na decreased its stake in General Mills, Inc. (NYSE:GIS) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 22,582 shares of the company’s stock after selling 257 shares during the period. Bokf Na’s holdings in General Mills were worth $1,321,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GIS. Endeavor Private Wealth Inc. acquired a new stake in General Mills during the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Mills during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills in the fourth quarter worth $31,000. VSM Wealth Advisory LLC purchased a new stake in shares of General Mills during the fourth quarter worth $32,000. Finally, Transce3nd LLC purchased a new position in General Mills in the fourth quarter valued at about $32,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of analyst reports. Bank of America reduced their target price on shares of General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Citigroup lowered their price objective on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Piper Sandler reduced their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research report on Monday, March 17th. Finally, Barclays lowered their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $65.00.

General Mills Stock Performance

Shares of NYSE GIS opened at $54.67 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The stock has a 50 day moving average price of $58.43 and a 200 day moving average price of $61.44. The stock has a market capitalization of $30.14 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a 52 week low of $53.82 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the business earned $1.17 earnings per share. Analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

Insider Activity

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.26% of the stock is owned by insiders.

General Mills 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.