iSAM Funds UK Ltd Sells 6,522 Shares of General Mills, Inc. (NYSE:GIS)

iSAM Funds UK Ltd decreased its position in General Mills, Inc. (NYSE:GIS) by 58.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,645 shares of the company’s stock after selling 6,522 shares during the quarter. iSAM Funds UK Ltd’s holdings in General Mills were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GIS. Endeavor Private Wealth Inc. bought a new stake in General Mills in the 4th quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC purchased a new position in General Mills in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Mills in the 4th quarter worth approximately $31,000. VSM Wealth Advisory LLC purchased a new position in General Mills in the 4th quarter worth approximately $32,000. Finally, Transce3nd LLC purchased a new position in General Mills in the 4th quarter worth approximately $32,000. Institutional investors own 75.71% of the company’s stock.

Insider Activity

In other General Mills 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 value of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

General Mills Trading Down 0.1%

Shares of NYSE:GIS opened at $54.78 on Wednesday. The company has a market cap of $30.20 billion, a P/E ratio of 11.91, a PEG ratio of 1.94 and a beta of 0.05. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a 1 year low of $52.93 and a 1 year high of $75.90. The stock’s fifty day moving average price is $57.23 and its 200-day moving average price is $60.62.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GIS. UBS Group began coverage on General Mills in a research note on Wednesday, April 23rd. They issued a “sell” rating and a $54.00 price target on the stock. Wells Fargo & Company reduced their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group boosted their target price on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 10th. Piper Sandler reduced their target price on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Finally, Morgan Stanley started coverage on General Mills in a research note on Monday, March 24th. They set an “underweight” rating and a $53.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $64.69.

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.