Johnson Financial Group Inc. Sells 182 Shares of General Mills, Inc. (NYSE:GIS)

Johnson Financial Group Inc. lowered its stake in General Mills, Inc. (NYSE:GIS) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,303 shares of the company’s stock after selling 182 shares during the quarter. Johnson Financial Group Inc.’s holdings in General Mills were worth $671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GIS. Nomura Asset Management Co. Ltd. lifted its stake in shares of General Mills by 4.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 206,139 shares of the company’s stock worth $13,191,000 after acquiring an additional 8,161 shares during the last quarter. LSV Asset Management lifted its stake in shares of General Mills by 9.0% during the 3rd quarter. LSV Asset Management now owns 395,200 shares of the company’s stock worth $25,289,000 after acquiring an additional 32,674 shares during the last quarter. Syon Capital LLC bought a new stake in shares of General Mills during the 3rd quarter worth approximately $269,000. Lincoln National Corp lifted its stake in shares of General Mills by 0.5% during the 3rd quarter. Lincoln National Corp now owns 35,838 shares of the company’s stock worth $2,293,000 after acquiring an additional 164 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of General Mills by 33.1% during the 3rd quarter. Victory Capital Management Inc. now owns 602,949 shares of the company’s stock worth $38,583,000 after acquiring an additional 150,024 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Bank of America lifted their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Citigroup assumed coverage on General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 target price for the company. Sanford C. Bernstein raised General Mills from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $62.00 to $70.00 in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. lifted their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.06.

Insider Buying and Selling at General Mills

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the sale, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Jonathon Nudi sold 10,000 shares of the business’s 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 of the company’s stock, valued at approximately $6,462,899.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Werner Lanette Shaffer sold 710 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the transaction, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

General Mills Stock Down 1.1 %

GIS stock traded down $0.79 on Friday, hitting $68.30. 3,195,959 shares of the company’s stock were exchanged, compared to its average volume of 3,063,010. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $85.84. The firm has a 50 day moving average price of $69.73 and a two-hundred day moving average price of $66.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The stock has a market cap of $38.79 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 3.07 and a beta of 0.15.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. As a group, equities research analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

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.