Price T Rowe Associates Inc. MD Has $51.08 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Price T Rowe Associates Inc. MD decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 36.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 800,970 shares of the company’s stock after selling 461,473 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.15% of General Mills worth $51,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GIS. Barclays PLC boosted its position in General Mills by 1.2% during the third 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. Bard Financial Services Inc. boosted its holdings in shares of General Mills by 0.6% during the 3rd quarter. Bard Financial Services Inc. now owns 108,475 shares of the company’s stock worth $8,011,000 after buying an additional 700 shares during the period. World Investment Advisors LLC acquired a new position in General Mills in the 3rd quarter valued at $403,000. Wilmington Savings Fund Society FSB raised its holdings in General Mills by 138.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 37,487 shares of the company’s stock worth $2,768,000 after acquiring an additional 21,790 shares during the period. Finally, Optimist Retirement Group LLC raised its holdings in General Mills by 19.0% in the 3rd quarter. Optimist Retirement Group LLC now owns 28,362 shares of the company’s stock worth $2,095,000 after acquiring an additional 4,528 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 0.8 %

Shares of GIS opened at $56.20 on Wednesday. The company has a market capitalization of $30.98 billion, a P/E ratio of 12.22, a PEG ratio of 1.94 and a beta of 0.15. General Mills, Inc. has a one year low of $55.01 and a one year high of $75.90. The business’s 50 day simple moving average is $59.22 and its 200-day simple moving average is $62.12. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

GIS has been the topic of several research analyst reports. UBS Group began coverage on General Mills in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $54.00 price target on the stock. Bank of America dropped their price target on General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Jefferies Financial Group increased their price objective on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Barclays dropped their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Finally, Morgan Stanley began coverage on shares of General Mills in a report on Monday, March 24th. They issued an “underweight” rating and a $53.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.00.

General Mills Company 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.