General Mills, Inc. (NYSE:GIS) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in General Mills, Inc. (NYSE:GIS) by 8.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 SEC.

Several other hedge funds also recently bought and sold shares of the stock. Morgan Stanley raised its stake in General Mills by 0.3% in the 3rd quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock valued at $527,423,000 after purchasing an additional 23,400 shares during the last quarter. Northern Trust Corp grew its holdings in General Mills by 5.0% in the 3rd quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock valued at $511,608,000 after buying an additional 379,702 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of General Mills by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,527,989 shares of the company’s stock valued at $468,346,000 after acquiring an additional 44,933 shares during the last quarter. Nordea Investment Management AB grew its holdings in General Mills by 48.7% in the third quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after purchasing an additional 1,654,111 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of General Mills by 2.4% in the 3rd quarter. Invesco Ltd. now owns 4,102,503 shares of the company’s stock valued at $262,519,000 after purchasing an additional 96,935 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GIS. Wells Fargo & Company boosted their price target on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Bank of America increased their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Citigroup started coverage on shares of General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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 the business’s stock in a transaction dated 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 sale, 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 available through this link. 0.24% of the stock is owned by corporate insiders.

General Mills Stock Down 1.0 %

Shares of GIS stock traded down $0.74 during trading hours on Friday, hitting $69.91. 3,444,229 shares of the company were exchanged, compared to its average volume of 3,869,986. The stock has a market capitalization of $39.70 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 2.44 and a beta of 0.15. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The business’s 50-day simple moving average is $68.07 and its two-hundred day simple moving average is $65.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The company 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%. General Mills’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Sell-side analysts predict that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

About General Mills

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.