Mather Group LLC. Has $999,000 Stake in General Mills, Inc. $GIS

Mather Group LLC. trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,287 shares of the company’s stock after selling 1,980 shares during the period. Mather Group LLC.’s holdings in General Mills were worth $999,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in General Mills by 434.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock valued at $1,138,473,000 after acquiring an additional 15,480,835 shares during the period. Ameriprise Financial Inc. boosted its holdings in General Mills by 8.1% during the first quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company’s stock valued at $589,814,000 after acquiring an additional 741,432 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in General Mills by 4.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,161,951 shares of the company’s stock valued at $428,213,000 after acquiring an additional 315,375 shares during the period. Dimensional Fund Advisors LP boosted its holdings in General Mills by 10.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,986,128 shares of the company’s stock valued at $417,674,000 after acquiring an additional 634,393 shares during the period. Finally, Invesco Ltd. boosted its holdings in General Mills by 6.9% during the first quarter. Invesco Ltd. now owns 6,403,879 shares of the company’s stock valued at $382,888,000 after acquiring an additional 414,768 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the transaction, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

General Mills Stock Performance

NYSE:GIS opened at $49.42 on Friday. General Mills, Inc. has a 12-month low of $48.29 and a 12-month high of $74.98. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $26.36 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 1.29 and a beta of -0.02. The firm has a 50-day moving average price of $49.78 and a 200 day moving average price of $53.47.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the business posted $1.07 earnings per share. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. Research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GIS shares. Mizuho reduced their target price on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, September 19th. Bank of America reduced their target price on shares of General Mills from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Barclays reduced their target price on shares of General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Mills from $52.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, September 18th. Finally, Morgan Stanley reduced their target price on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.82.

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.