Quintet Private Bank Europe S.A. Lowers Stake in General Mills, Inc. (NYSE:GIS)

Quintet Private Bank Europe S.A. decreased its position in General Mills, Inc. (NYSE:GIS) by 46.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,600 shares of the company’s stock after selling 1,400 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in General Mills were worth $104,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC increased its stake in General Mills by 3.1% during the fourth quarter. EP Wealth Advisors LLC now owns 21,868 shares of the company’s stock worth $1,424,000 after purchasing an additional 656 shares during the period. Syon Capital LLC lifted its holdings in General Mills by 114.0% during the 4th quarter. Syon Capital LLC now owns 9,004 shares of the company’s stock worth $587,000 after buying an additional 4,797 shares in the last quarter. Virtu Financial LLC acquired a new stake in General Mills during the 4th quarter worth approximately $650,000. Neo Ivy Capital Management purchased a new position in General Mills in the 4th quarter valued at approximately $513,000. Finally, Chicago Partners Investment Group LLC grew its stake in shares of General Mills by 13.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 4,952 shares of the company’s stock worth $315,000 after acquiring an additional 576 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GIS. 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 report on Thursday, March 21st. TD Cowen boosted their price objective on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Mizuho upped their target price on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Wells Fargo & Company lifted their price target on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of General Mills from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus price target of $71.94.

General Mills Stock Performance

Shares of General Mills stock traded down $0.11 on Friday, hitting $65.50. The stock had a trading volume of 2,904,124 shares, compared to its average volume of 3,588,714. The company’s 50 day moving average price is $69.02 and its 200 day moving average price is $66.66. The stock has a market cap of $37.20 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 2.84 and a beta of 0.12. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $82.59.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. On average, research analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current year.

Insider Buying and Selling

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the sale, the insider now directly owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction 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 completion of the transaction, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

General Mills Company 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.