Retirement Systems of Alabama Decreases Stock Holdings in General Mills, Inc. (NYSE:GIS)

Retirement Systems of Alabama lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,110 shares of the company’s stock after selling 4,206 shares during the quarter. Retirement Systems of Alabama’s holdings in General Mills were worth $8,345,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. L.M. Kohn & Company grew its stake in shares of General Mills by 2.6% during the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock valued at $386,000 after purchasing an additional 155 shares during the period. Traverso Chambers Private Wealth Management LLC increased its holdings in General Mills by 1.0% during the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after buying an additional 156 shares during the last quarter. TrueWealth Advisors LLC raised its position in General Mills by 4.3% in the third quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock worth $246,000 after acquiring an additional 158 shares during the period. Csenge Advisory Group raised its position in General Mills by 1.0% in the third quarter. Csenge Advisory Group now owns 16,079 shares of the company’s stock worth $1,029,000 after acquiring an additional 164 shares during the period. Finally, Lincoln National Corp boosted its stake in shares of General Mills by 0.5% during the 3rd quarter. Lincoln National Corp now owns 35,838 shares of the company’s stock worth $2,293,000 after acquiring an additional 164 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on GIS. HSBC lifted their target price on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. TD Cowen boosted their price objective on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Morgan Stanley raised their target price on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Bank of America upped their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Citigroup initiated coverage on shares of General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.18.

Insider Transactions at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.24% of the company’s stock.

General Mills Trading Down 1.1 %

Shares of GIS stock opened at $69.91 on Friday. The company has a market cap of $39.70 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.41 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The stock’s 50 day simple moving average is $68.07 and its two-hundred day simple moving average is $65.80. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.97 EPS. Research analysts predict that General Mills, Inc. will post 4.51 earnings per share 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.