General Mills, Inc. $GIS Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lessened its position in General Mills, Inc. (NYSE:GIS) by 14.0% in the 4th quarter, Holdings Channel reports. The fund owned 540,164 shares of the company’s stock after selling 88,138 shares during the period. O Shaughnessy Asset Management LLC’s holdings in General Mills were worth $25,118,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smith Moore & CO. boosted its holdings in General Mills by 2.6% in the 3rd quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock valued at $443,000 after purchasing an additional 225 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in shares of General Mills by 1.9% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock worth $565,000 after buying an additional 225 shares in the last quarter. Allegheny Financial Group lifted its holdings in shares of General Mills by 4.8% in the 4th quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock valued at $228,000 after buying an additional 226 shares during the period. Stonebridge Capital Advisors LLC lifted its holdings in shares of General Mills by 0.7% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after buying an additional 226 shares during the period. Finally, Tempus Wealth Planning LLC boosted its stake in shares of General Mills by 5.7% in the third quarter. Tempus Wealth Planning LLC now owns 4,297 shares of the company’s stock valued at $217,000 after buying an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 target price on shares of General Mills in a research report on Tuesday, June 2nd. Morgan Stanley reduced their price objective on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on shares of General Mills from $36.00 to $31.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. Stifel Nicolaus lowered their target price on shares of General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Bank of America dropped their target price on shares of General Mills from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Mills presently has a consensus rating of “Reduce” and a consensus price target of $39.39.

General Mills Stock Performance

Shares of GIS opened at $33.13 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 8.10 and a beta of -0.03. The company’s 50 day simple moving average is $34.75 and its 200 day simple moving average is $41.34. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $55.19.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the firm earned $1.12 EPS. General Mills’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts predict that General Mills, Inc. will post 3.43 EPS for the current year.

Insider Transactions at General Mills

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider directly owned 62,283 shares in the company, valued at $2,148,763.50. The trade was a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the sale, the insider directly owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.

General Mills 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.