Livforsakringsbolaget Skandia Omsesidigt Sells 1,500 Shares of General Mills, Inc. (NYSE:GIS)

Livforsakringsbolaget Skandia Omsesidigt cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 7.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,892 shares of the company’s stock after selling 1,500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Mills were worth $1,189,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC lifted its holdings in shares of General Mills by 6.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock valued at $304,000 after acquiring an additional 268 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of General Mills by 11.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company’s stock valued at $53,211,000 after acquiring an additional 85,612 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after acquiring an additional 2,926,232 shares during the period. Franklin Resources Inc. raised its holdings in shares of General Mills by 10.6% in the fourth quarter. Franklin Resources Inc. now owns 484,550 shares of the company’s stock valued at $30,900,000 after buying an additional 46,536 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of General Mills by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock valued at $581,903,000 after buying an additional 2,341,137 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group lifted their price target on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. JPMorgan Chase & Co. cut their price target on General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Stifel Nicolaus cut their price target on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Barclays cut their price target on General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. Finally, Wells Fargo & Company cut their price target on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.44.

General Mills Stock Performance

Shares of NYSE:GIS opened at $54.80 on Tuesday. The stock has a market capitalization of $30.21 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.94 and a beta of 0.02. General Mills, Inc. has a 1-year low of $52.39 and a 1-year high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The business has a 50-day moving average price of $55.76 and a two-hundred day moving average price of $59.53.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. Equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

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 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.