American International Group Inc. Sells 16,790 Shares of General Mills, Inc. (NYSE:GIS)

American International Group Inc. reduced its stake in General Mills, Inc. (NYSE:GIS) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,709 shares of the company’s stock after selling 16,790 shares during the quarter. American International Group Inc.’s holdings in General Mills were worth $13,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of General Mills in the fourth quarter valued at about $377,205,000. Massachusetts Financial Services Co. MA raised its position in General Mills by 106.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock valued at $224,254,000 after buying an additional 1,778,345 shares during the last quarter. American Century Companies Inc. lifted its stake in General Mills by 257.7% in the 3rd quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock valued at $67,954,000 after acquiring an additional 765,070 shares in the last quarter. LSV Asset Management boosted its position in General Mills by 165.6% during the 4th quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock worth $68,381,000 after acquiring an additional 654,550 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of General Mills by 6,893.6% during the 4th quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock worth $33,361,000 after acquiring an additional 504,816 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $72.00 target price on shares of General Mills in a report on Thursday, March 21st. HSBC raised their price objective on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 target price on shares of General Mills in a report on Monday, April 22nd. TD Cowen raised their price target 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. Finally, Morgan Stanley upped their price objective on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, General Mills has a consensus rating of “Hold” and a consensus target price of $71.94.

General Mills Stock Performance

NYSE GIS opened at $65.50 on Monday. The stock has a market cap of $37.20 billion, a PE ratio of 15.02, a P/E/G ratio of 2.83 and a beta of 0.12. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a 50-day moving average of $69.02 and a 200-day moving average of $66.71. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $82.59.

General Mills (NYSE:GIS) last issued its quarterly earnings data 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. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period last year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current year.

Insider Buying and Selling

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the transaction, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

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.