McIlrath & Eck LLC Sells 1,734 Shares of General Mills, Inc. (NYSE:GIS)

McIlrath & Eck LLC lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 39.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,689 shares of the company’s stock after selling 1,734 shares during the period. McIlrath & Eck LLC’s holdings in General Mills were worth $171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its position in shares of General Mills by 1.2% in the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company’s stock worth $120,691,000 after purchasing an additional 19,290 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after acquiring an additional 2,926,232 shares during the period. Merit Financial Group LLC raised its position in shares of General Mills by 48.0% in the 4th quarter. Merit Financial Group LLC now owns 31,355 shares of the company’s stock worth $2,000,000 after acquiring an additional 10,176 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of General Mills by 6.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 14,587 shares of the company’s stock valued at $930,000 after purchasing an additional 847 shares during the period. Finally, Diversify Wealth Management LLC grew its stake in General Mills by 20.3% in the fourth quarter. Diversify Wealth Management LLC now owns 11,603 shares of the company’s stock worth $679,000 after purchasing an additional 1,956 shares during the period. Institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GIS. UBS Group began coverage on shares of General Mills in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $54.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Morgan Stanley started coverage on General Mills in a research note on Monday, March 24th. They issued an “underweight” rating and a $53.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. Finally, Barclays cut their target price on General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.69.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were 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. This represents a 3.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

General Mills Stock Down 0.1%

Shares of General Mills stock opened at $54.78 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a twelve month low of $52.93 and a twelve month high of $75.90. The company has a market cap of $30.20 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05. The company’s 50 day moving average is $57.23 and its 200 day moving average is $60.62.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Profile

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.