Citizens Financial Group Inc RI Decreases Stock Holdings in General Mills, Inc. (NYSE:GIS)

Citizens Financial Group Inc RI trimmed its stake in shares of General Mills, Inc. (NYSE:GIS) by 16.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,509 shares of the company’s stock after selling 2,122 shares during the period. Citizens Financial Group Inc RI’s holdings in General Mills were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Janney Montgomery Scott LLC raised its holdings in shares of General Mills by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 363,425 shares of the company’s stock valued at $19,465,000 after purchasing an additional 10,272 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of General Mills by 14.9% during the fourth quarter. RFG Advisory LLC now owns 4,452 shares of the company’s stock valued at $238,000 after purchasing an additional 579 shares during the last quarter. Clarius Group LLC raised its holdings in shares of General Mills by 12.1% during the fourth quarter. Clarius Group LLC now owns 4,590 shares of the company’s stock valued at $245,000 after purchasing an additional 494 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of General Mills by 3.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 21,128 shares of the company’s stock valued at $1,132,000 after purchasing an additional 771 shares during the last quarter. Finally, Savior LLC bought a new stake in General Mills during the fourth quarter valued at approximately $45,000. 70.30% of the stock is owned by hedge funds and other institutional investors.

In other General Mills news, Director R Kerry Clark sold 12,248 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $57.24, for a total transaction of $701,075.52. Following the completion of the transaction, the director now directly owns 62,945 shares of the company’s stock, valued at approximately $3,602,971.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn P. Ogrady sold 6,187 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $59.95, for a total transaction of $370,910.65. Following the transaction, the insider now directly owns 134,820 shares of the company’s stock, valued at $8,082,459. The disclosure for this sale can be found here. Insiders sold a total of 137,668 shares of company stock valued at $8,078,504 over the last ninety days. 0.52% of the stock is currently owned by insiders.

NYSE:GIS opened at $59.95 on Friday. General Mills, Inc. has a fifty-two week low of $46.59 and a fifty-two week high of $64.31. The stock has a market capitalization of $36.93 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.27 and a beta of 0.60. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.64. The company’s 50-day simple moving average is $59.34 and its 200-day simple moving average is $54.40.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.21 billion. General Mills had a net margin of 12.68% and a return on equity of 26.40%. General Mills’s revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. On average, research analysts forecast that General Mills, Inc. will post 3.58 EPS for the current year.

A number of equities analysts have weighed in on GIS shares. Jefferies Financial Group upped their price target on shares of General Mills from $56.00 to $61.00 and gave the stock a “positive” rating in a research report on Thursday. Credit Suisse Group increased their target price on shares of General Mills from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. BMO Capital Markets increased their target price on shares of General Mills from $57.00 to $63.00 in a report on Thursday, March 19th. UBS Group increased their target price on shares of General Mills from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Royal Bank of Canada increased their target price on shares of General Mills from $57.00 to $61.00 in a report on Thursday, March 19th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $59.74.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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