General Mills, Inc. $GIS Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. reduced its position in General Mills, Inc. (NYSE:GIS) by 43.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,901 shares of the company’s stock after selling 26,890 shares during the period. North Star Investment Management Corp.’s holdings in General Mills were worth $1,299,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Smith Moore & CO. lifted its stake in shares of General Mills by 2.6% in the third quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock worth $443,000 after acquiring an additional 225 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in 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 valued at $565,000 after purchasing an additional 225 shares in the last quarter. Allegheny Financial Group grew its stake in General Mills by 4.8% during the 4th quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock valued at $228,000 after purchasing an additional 226 shares in the last quarter. Stonebridge Capital Advisors LLC increased its holdings in General Mills by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock worth $1,702,000 after purchasing an additional 226 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its holdings in General Mills by 3.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,879 shares of the company’s stock worth $320,000 after purchasing an additional 247 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction on Tuesday, May 12th. The shares were 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 of the company’s stock, 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 document filed with the SEC, which is available through this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills 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 completion of the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This represents a 10.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.

General Mills Trading Up 1.4%

Shares of NYSE GIS opened at $36.51 on Tuesday. 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 stock’s 50 day moving average price is $34.15 and its two-hundred day moving average price is $40.02. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $54.18. The stock has a market capitalization of $19.48 billion, a P/E ratio of 8.93 and a beta of -0.03.

Wall Street Analysts Forecast Growth

GIS has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of General Mills in a research note on Tuesday, June 16th. TD Cowen decreased their price target on shares of General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Friday. Barclays dropped their price target on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Wells Fargo & Company cut their price target on shares of General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a report on Monday, May 18th. Finally, Royal Bank Of Canada reduced their price objective on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $39.06.

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.