Stephens Inc. AR Sells 26,643 Shares of General Mills, Inc. $GIS

Stephens Inc. AR trimmed its stake in shares of General Mills, Inc. (NYSE:GIS) by 28.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 67,807 shares of the company’s stock after selling 26,643 shares during the quarter. Stephens Inc. AR’s holdings in General Mills were worth $3,153,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new position in General Mills during the 3rd quarter worth approximately $25,000. Close Asset Management Ltd bought a new stake in shares of General Mills in the 3rd quarter worth approximately $28,000. Activest Wealth Management grew its position in shares of General Mills by 211.7% in the 4th quarter. Activest Wealth Management now owns 695 shares of the company’s stock worth $32,000 after buying an additional 472 shares during the last quarter. Binnacle Investments Inc grew its position in shares of General Mills by 312.5% in the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock worth $33,000 after buying an additional 500 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its position in shares of General Mills by 190.2% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 737 shares of the company’s stock worth $34,000 after buying an additional 483 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the topic of a number of recent analyst reports. Mizuho cut their price objective on General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. UBS Group cut their price objective on General Mills from $40.00 to $35.00 and set a “sell” rating on the stock in a research report on Thursday, March 19th. Sanford C. Bernstein cut their price objective on General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. Wells Fargo & Company cut their price objective on General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group cut their price objective on General Mills from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $42.44.

General Mills Trading Up 1.4%

GIS opened at $33.45 on Tuesday. The stock has a market cap of $17.85 billion, a PE ratio of 8.18 and a beta of -0.02. 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 business has a 50 day moving average of $36.46 and a 200-day moving average of $42.76. General Mills, Inc. has a 52 week low of $32.79 and a 52 week high of $55.35.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. Equities research analysts predict that General Mills, Inc. will post 3.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the transaction, the insider owned 62,283 shares in the company, valued at $2,148,763.50. This trade represents a 11.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the transaction, the insider owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

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.