Amalgamated Bank Sells 13,509 Shares of General Mills, Inc. (NYSE:GIS)

Amalgamated Bank lowered its stake in General Mills, Inc. (NYSE:GIS) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,283 shares of the company’s stock after selling 13,509 shares during the quarter. Amalgamated Bank’s holdings in General Mills were worth $9,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Operose Advisors LLC increased its stake in shares of General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after purchasing an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in General Mills in the 4th quarter valued at $28,000. Authentikos Wealth Advisory LLC bought a new position in shares of General Mills during the 3rd quarter valued at about $31,000. HHM Wealth Advisors LLC bought a new stake in shares of General Mills in the third quarter worth about $32,000. Finally, Fortitude Family Office LLC bought a new position in General Mills during the fourth quarter valued at approximately $40,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Stock Performance

NYSE:GIS traded down $0.74 during midday trading on Friday, hitting $69.91. The company’s stock had a trading volume of 3,444,229 shares, compared to its average volume of 3,869,986. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $90.89. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The firm has a market cap of $39.70 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.44 and a beta of 0.15. The firm’s 50 day moving average is $68.07 and its 200-day moving average is $65.80.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates 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. Equities analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GIS. Citigroup began coverage on General Mills in a report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a report on Thursday, March 21st. JPMorgan Chase & Co. upped their price objective on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. TD Cowen lifted their target price on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, Mizuho raised their price target on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.18.

Insiders Place Their Bets

In related news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.