Russell Investments Group Ltd. Sells 105,092 Shares of General Mills, Inc. (NYSE:GIS)

Russell Investments Group Ltd. lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 629,441 shares of the company’s stock after selling 105,092 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of General Mills worth $40,997,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Operose Advisors LLC grew its position in shares of General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after acquiring an additional 274 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in General Mills in the fourth quarter worth $28,000. Authentikos Wealth Advisory LLC purchased a new position in shares of General Mills during the 3rd quarter valued at $31,000. HHM Wealth Advisors LLC bought a new position in shares of General Mills during the 3rd quarter worth $32,000. Finally, Fortitude Family Office LLC purchased a new stake in General Mills in the 4th quarter worth about $40,000. Institutional investors own 75.71% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

GIS has been the subject of several recent research reports. HSBC lifted their price target on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Wells Fargo & Company increased their price target on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Mizuho boosted their price objective on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 target price on shares of General Mills in a research note on Monday, April 22nd. Finally, Barclays upped their price target on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, General Mills presently has an average rating of “Hold” and an average target price of $72.18.

General Mills Trading Down 0.8 %

Shares of GIS stock opened at $70.24 on Tuesday. 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 business has a 50-day moving average of $67.78 and a 200 day moving average of $65.68. The stock has a market capitalization of $39.89 billion, a PE ratio of 16.11, a P/E/G ratio of 2.44 and a beta of 0.15. 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 quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. As a group, sell-side analysts anticipate 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.