Los Angeles Capital Management LLC Sells 41,832 Shares of General Mills, Inc. (NYSE:GIS)

Los Angeles Capital Management LLC trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,417 shares of the company’s stock after selling 41,832 shares during the quarter. Los Angeles Capital Management LLC’s holdings in General Mills were worth $10,971,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GIS. Cetera Trust Company N.A acquired a new stake in shares of General Mills in the 4th quarter valued at $50,000. Bruce G. Allen Investments LLC bought a new position in General Mills in the fourth quarter valued at approximately $28,000. Sabal Trust CO boosted its position in shares of General Mills by 7,817.6% in the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock worth $18,902,000 after purchasing an additional 286,514 shares during the last quarter. Welch Group LLC grew its stake in shares of General Mills by 2.8% during the fourth quarter. Welch Group LLC now owns 615,389 shares of the company’s stock worth $40,086,000 after purchasing an additional 16,883 shares during the period. Finally, Gradient Investments LLC boosted its holdings in General Mills by 29.9% during the fourth quarter. Gradient Investments LLC now owns 2,238 shares of the company’s stock worth $146,000 after buying an additional 515 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 1.0 %

Shares of General Mills stock opened at $69.91 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89. The company has a market capitalization of $39.70 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 2.41 and a beta of 0.15. The firm’s 50-day moving average price is $68.16 and its two-hundred day moving average price is $65.84.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. The business 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 for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. On average, analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Insider Buying and Selling at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GIS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. TD Cowen upped their target price on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price objective on shares of General Mills in a research report on Monday, April 22nd. Barclays increased their price objective on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Finally, Morgan Stanley lifted their target price on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.18.

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.