Kentucky Retirement Systems Insurance Trust Fund Sells 261 Shares of General Mills, Inc. (NYSE:GIS)

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,709 shares of the company’s stock after selling 261 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in General Mills were worth $1,349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. L.M. Kohn & Company grew its stake in General Mills by 2.6% in the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock valued at $386,000 after buying an additional 155 shares during the last quarter. Traverso Chambers Private Wealth Management LLC increased its stake in shares of General Mills by 1.0% in the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock worth $1,052,000 after purchasing an additional 156 shares during the period. TrueWealth Advisors LLC lifted its position in shares of General Mills by 4.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock worth $246,000 after purchasing an additional 158 shares during the last quarter. Lincoln National Corp boosted its stake in General Mills by 0.5% during the 3rd quarter. Lincoln National Corp now owns 35,838 shares of the company’s stock valued at $2,293,000 after purchasing an additional 164 shares during the period. Finally, Nicholas Hoffman & Company LLC. boosted its position in shares of General Mills by 2.9% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock valued at $382,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 0.2 %

Shares of GIS stock traded down $0.16 on Friday, reaching $71.24. The company had a trading volume of 2,752,992 shares, compared to its average volume of 3,291,703. The stock has a market cap of $40.46 billion, a PE ratio of 16.34, a PEG ratio of 2.46 and a beta of 0.15. The company has a 50-day moving average of $69.33 and a 200-day moving average of $66.29. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $89.28.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. On average, equities analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of research reports. HSBC raised their price objective on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Citigroup began coverage on shares of General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 target price on the stock. Sanford C. Bernstein raised shares of General Mills from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $62.00 to $70.00 in a research report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price objective on shares of General Mills in a report on Monday, April 22nd. Finally, Mizuho increased their target price on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.06.

Insiders Place Their Bets

In related news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the sale, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction on 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 owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The disclosure for this sale can be found here. Insiders sold 10,765 shares of company stock worth $745,822 over the last ninety days. 0.24% of the stock is currently owned by corporate 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.