General Mills, Inc. $GIS Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. reduced its stake in General Mills, Inc. (NYSE:GIS) by 43.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,901 shares of the company’s stock after selling 26,890 shares during the quarter. North Star Investment Management Corp.’s holdings in General Mills were worth $1,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GIS. Vermillion & White Wealth Management Group LLC purchased a new position in General Mills during the 3rd quarter worth $25,000. Reflection Asset Management acquired a new stake in shares of General Mills in the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of General Mills in the fourth quarter valued at about $26,000. Bruce G. Allen Investments LLC boosted its holdings in shares of General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after acquiring an additional 337 shares in the last quarter. Finally, Zions Bancorporation National Association UT increased its stake in shares of General Mills by 248.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock worth $29,000 after acquiring an additional 449 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.30% of the company’s stock.

General Mills Stock Performance

Shares of GIS opened at $36.51 on Tuesday. The company has a 50-day simple moving average of $34.15 and a 200-day simple moving average of $40.02. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $19.48 billion, a PE ratio of 8.93 and a beta of -0.03. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $54.18.

Analyst Ratings Changes

Several research firms recently issued reports on GIS. Stifel Nicolaus cut their price target on shares of General Mills from $44.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Royal Bank Of Canada lowered their price objective on General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of General Mills in a report on Tuesday, June 2nd. Sanford C. Bernstein cut General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research report on Wednesday, June 3rd. Finally, Bank of America cut their target price on General Mills from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, General Mills currently has a consensus rating of “Reduce” and an average target price of $39.06.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.