Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 56,900 Shares of General Mills, Inc. $GIS

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in shares of General Mills, Inc. (NYSE:GIS) by 15.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 323,028 shares of the company’s stock after selling 56,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in General Mills were worth $15,021,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. SlateStone Wealth LLC increased its holdings in shares of General Mills by 8.0% in the fourth quarter. SlateStone Wealth LLC now owns 15,806 shares of the company’s stock valued at $735,000 after purchasing an additional 1,174 shares during the last quarter. Prudential PLC lifted its stake in shares of General Mills by 282.9% during the 4th quarter. Prudential PLC now owns 325,282 shares of the company’s stock worth $15,126,000 after buying an additional 240,329 shares during the last quarter. Vise Technologies Inc. lifted its stake in shares of General Mills by 77.9% during the 4th quarter. Vise Technologies Inc. now owns 39,030 shares of the company’s stock worth $1,815,000 after buying an additional 17,088 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of General Mills by 11.8% during the 4th quarter. Continuum Advisory LLC now owns 5,379 shares of the company’s stock worth $250,000 after buying an additional 569 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in General Mills by 2.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 86,324 shares of the company’s stock valued at $4,014,000 after buying an additional 1,930 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GIS has been the topic of several research analyst reports. Morgan Stanley lowered their price target on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday. Piper Sandler decreased their target price on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. UBS Group dropped their price target on General Mills from $35.00 to $30.00 and set a “sell” rating for the company in a report on Tuesday, June 2nd. Stifel Nicolaus reduced their price target on General Mills from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company decreased their price objective on General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $39.39.

General Mills Stock Performance

Shares of NYSE:GIS opened at $33.18 on Friday. General Mills, Inc. has a 12-month low of $31.75 and a 12-month high of $55.19. The company’s 50 day moving average price is $34.81 and its two-hundred day moving average price is $41.48. The firm has a market cap of $17.71 billion, a PE ratio of 8.11 and a beta of -0.03. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Equities research analysts predict that General Mills, Inc. will post 3.43 earnings per share for the current year.

Insider Buying and Selling at General Mills

In other news, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. This represents a 11.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the sale, the insider directly owned 86,002 shares in the company, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

General Mills Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.