1,217 Shares in General Mills, Inc. (NYSE:GIS) Purchased by Greenline Partners LLC

Greenline Partners LLC bought a new stake in General Mills, Inc. (NYSE:GIS) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,217 shares of the company’s stock, valued at approximately $78,000.

Other large investors also recently bought and sold shares of the company. RFG Advisory LLC lifted its holdings in shares of General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock worth $425,000 after acquiring an additional 172 shares during the last quarter. TCW Group Inc. lifted its stake in General Mills by 0.8% during the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock worth $1,471,000 after purchasing an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC boosted its position in shares of General Mills by 3.7% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock worth $356,000 after buying an additional 197 shares during the period. Howard Capital Management Inc. grew its stake in shares of General Mills by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock valued at $250,000 after buying an additional 198 shares in the last quarter. Finally, Byrne Asset Management LLC raised its holdings in shares of General Mills by 20.0% in the 4th quarter. Byrne Asset Management LLC now owns 1,200 shares of the company’s stock valued at $77,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Barclays dropped their price objective on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. Bank of America decreased their price target on shares of General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Piper Sandler cut their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.00.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by insiders.

General Mills Price Performance

GIS stock opened at $54.52 on Friday. The business has a 50 day moving average price of $58.30 and a 200 day moving average price of $61.34. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The stock has a market cap of $30.05 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a fifty-two week low of $53.82 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 EPS. Equities research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.