General Mills, Inc. (NYSE:GIS) Position Cut by Unigestion Holding SA

Unigestion Holding SA cut its position in General Mills, Inc. (NYSE:GISGet Rating) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 891,774 shares of the company’s stock after selling 150,126 shares during the quarter. General Mills comprises 2.4% of Unigestion Holding SA’s holdings, making the stock its 13th biggest position. Unigestion Holding SA owned approximately 0.15% of General Mills worth $60,079,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GIS. NuWave Investment Management LLC bought a new stake in General Mills during the 4th quarter valued at $28,000. Ellis Investment Partners LLC raised its stake in shares of General Mills by 81.7% during the fourth quarter. Ellis Investment Partners LLC now owns 447 shares of the company’s stock valued at $30,000 after purchasing an additional 201 shares in the last quarter. TAP Consulting LLC acquired a new stake in General Mills in the fourth quarter worth about $37,000. Schubert & Co acquired a new stake in shares of General Mills in the 4th quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of General Mills in the fourth quarter valued at approximately $42,000. 74.63% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:GIS traded up $0.20 during midday trading on Thursday, hitting $69.46. 2,616,394 shares of the stock were exchanged, compared to its average volume of 3,802,456. The company has a market capitalization of $41.83 billion, a PE ratio of 18.52, a P/E/G ratio of 2.30 and a beta of 0.45. General Mills, Inc. has a 52-week low of $56.67 and a 52-week high of $73.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.49 and a current ratio of 0.74. The business’s fifty day simple moving average is $69.62 and its two-hundred day simple moving average is $67.39.

General Mills (NYSE:GISGet Rating) last posted its quarterly earnings results on Wednesday, March 23rd. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.55 billion. General Mills had a return on equity of 23.10% and a net margin of 12.36%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. As a group, equities analysts anticipate that General Mills, Inc. will post 3.83 EPS for the current year.

In other General Mills news, insider Shawn P. Ogrady sold 43,565 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $71.90, for a total transaction of $3,132,323.50. Following the transaction, the insider now directly owns 87,554 shares in the company, valued at $6,295,132.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn P. Ogrady sold 27,157 shares of the company’s stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $69.50, for a total value of $1,887,411.50. Following the sale, the insider now owns 87,554 shares of the company’s stock, valued at approximately $6,085,003. The disclosure for this sale can be found here. Insiders sold 81,633 shares of company stock valued at $5,768,339 over the last quarter. Corporate insiders own 0.53% of the company’s stock.

A number of research firms have weighed in on GIS. Deutsche Bank Aktiengesellschaft upped their target price on General Mills from $73.00 to $75.00 in a research report on Thursday. Piper Sandler lifted their target price on General Mills from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, March 24th. UBS Group assumed coverage on shares of General Mills in a report on Wednesday, March 30th. They issued a “neutral” rating and a $69.00 price target for the company. StockNews.com raised shares of General Mills from a “hold” rating to a “buy” rating in a research note on Thursday, March 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of General Mills from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.27.

General Mills Company Profile (Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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