DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Cuts Stake in General Mills, Inc. (NYSE:GIS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 13.9% in the fourth quarter, Holdings Channel reports. The firm owned 128,744 shares of the company’s stock after selling 20,848 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in General Mills were worth $8,210,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in General Mills in the 4th quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Mills in the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills in the 4th quarter worth $31,000. VSM Wealth Advisory LLC purchased a new position in shares of General Mills in the fourth quarter worth $32,000. Finally, Transce3nd LLC bought a new position in shares of General Mills during the fourth quarter valued at $32,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction dated 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 approximately $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.26% of the company’s stock.

General Mills Trading Down 0.3 %

General Mills stock opened at $54.52 on Friday. General Mills, Inc. has a 12-month low of $53.82 and a 12-month high of $75.90. The firm has a market capitalization of $30.05 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 1.94 and a beta of 0.05. The firm has a 50 day moving average of $58.30 and a 200 day moving average of $61.34. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Piper Sandler reduced their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Morgan Stanley initiated coverage on shares of General Mills in a research note on Monday, March 24th. They issued an “underweight” rating and a $53.00 price target for the company. Citigroup lowered their price objective on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company cut their target price on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group increased their price target on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus target price of $65.00.

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 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.