General Mills, Inc. (NYSE:GIS) Shares Sold by City Holding Co.

City Holding Co. cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 7.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,138 shares of the company’s stock after selling 925 shares during the period. City Holding Co.’s holdings in General Mills were worth $849,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Cetera Trust Company N.A purchased a new position in shares of General Mills during the 4th quarter valued at approximately $50,000. Bruce G. Allen Investments LLC acquired a new position in General Mills in the fourth quarter worth about $28,000. Optimist Retirement Group LLC bought a new stake in General Mills in the fourth quarter valued at about $1,171,000. Apollon Wealth Management LLC increased its holdings in General Mills by 122.7% in the fourth quarter. Apollon Wealth Management LLC now owns 23,675 shares of the company’s stock valued at $1,542,000 after buying an additional 13,043 shares during the last quarter. Finally, Sabal Trust CO boosted its holdings in General Mills by 7,817.6% in the fourth quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock worth $18,902,000 after purchasing an additional 286,514 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Price Performance

NYSE:GIS traded up $0.86 during mid-day trading on Monday, reaching $67.94. 464,336 shares of the stock were exchanged, compared to its average volume of 4,017,619. The business has a fifty day moving average price of $68.85 and a 200 day moving average price of $66.78. The firm has a market capitalization of $38.58 billion, a PE ratio of 15.39, a PEG ratio of 3.10 and a beta of 0.12. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $82.59. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14.

Insider Buying and Selling

In related news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the transaction, the insider now directly owns 17,397 shares of the company’s stock, valued at $1,227,706.29. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. TD Cowen increased their target price on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. dropped their target price on shares of General Mills from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, May 28th. Sanford C. Bernstein upgraded shares of General Mills from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $62.00 to $70.00 in a research report on Wednesday, May 15th. Mizuho upped their price target on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.94.

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.