Resources Management Corp CT ADV Sells 31,328 Shares of General Mills, Inc. $GIS

Resources Management Corp CT ADV decreased its stake in General Mills, Inc. (NYSE:GIS) by 90.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,160 shares of the company’s stock after selling 31,328 shares during the period. Resources Management Corp CT ADV’s holdings in General Mills were worth $147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its stake in General Mills by 0.4% in the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock valued at $1,700,060,000 after purchasing an additional 145,701 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in General Mills by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock valued at $915,953,000 after purchasing an additional 488,617 shares during the last quarter. Geode Capital Management LLC lifted its stake in General Mills by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock valued at $704,170,000 after purchasing an additional 172,200 shares during the last quarter. Morgan Stanley lifted its stake in General Mills by 2.1% in the 4th quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock valued at $457,443,000 after purchasing an additional 200,043 shares during the last quarter. Finally, Norges Bank bought a new position in General Mills in the 4th quarter valued at approximately $361,552,000. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other news, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction 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. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the 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 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. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.

General Mills Trading Down 0.7%

GIS opened at $34.27 on Tuesday. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $54.18. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The company has a fifty day moving average of $34.44 and a 200-day moving average of $40.86. The stock has a market cap of $18.29 billion, a PE ratio of 8.38 and a beta of -0.03.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the company earned $1.12 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts predict that General Mills, Inc. will post 3.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GIS shares. BTIG Research started coverage on shares of General Mills in a research note on Monday, April 13th. They set a “neutral” rating for the company. Wells Fargo & Company dropped their price target on shares of General Mills from $33.00 to $30.00 and set an “underweight” rating for the company in a research note on Monday, May 18th. Bank of America dropped their price target on shares of General Mills from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. Stifel Nicolaus dropped their price target on shares of General Mills from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Piper Sandler dropped their price target on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $39.39.

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.