General Mills, Inc. $GIS Stake Cut by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lessened its holdings in General Mills, Inc. (NYSE:GIS) by 30.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,974 shares of the company’s stock after selling 19,781 shares during the quarter. Banque Cantonale Vaudoise’s holdings in General Mills were worth $1,673,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GIS. LBP AM SA acquired a new position in shares of General Mills in the 4th quarter valued at about $2,639,000. Oak Thistle LLC acquired a new stake in General Mills during the fourth quarter worth about $1,320,000. Robeco Institutional Asset Management B.V. lifted its holdings in General Mills by 1,824.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock worth $41,628,000 after acquiring an additional 848,712 shares during the last quarter. Korea Investment CORP lifted its holdings in General Mills by 161.9% in the third quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock worth $16,800,000 after acquiring an additional 205,981 shares during the last quarter. Finally, HF Advisory Group LLC boosted its stake in General Mills by 550.2% in the fourth quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock valued at $3,681,000 after acquiring an additional 66,981 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays lowered their target price on General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Royal Bank Of Canada lowered their price objective on General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. TD Cowen dropped their target price on General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Friday. UBS Group cut their target price on General Mills from $35.00 to $30.00 and set a “sell” rating on the stock in a research note on Tuesday, June 2nd. Finally, Stifel Nicolaus reduced 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. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $39.06.

General Mills Price Performance

NYSE GIS opened at $36.04 on Friday. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $54.18. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. The firm has a market capitalization of $19.23 billion, a PE ratio of 8.81 and a beta of -0.03. The company’s 50 day simple moving average is $34.12 and its 200 day simple moving average is $40.13.

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.