Victory Capital Management Inc. Has $31.73 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Victory Capital Management Inc. lowered its stake in General Mills, Inc. (NYSE:GIS) by 19.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,150 shares of the company’s stock after selling 115,799 shares during the period. Victory Capital Management Inc.’s holdings in General Mills were worth $31,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Operose Advisors LLC boosted its holdings in shares of General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after acquiring an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in General Mills in the fourth quarter valued at about $28,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of General Mills during the third quarter valued at about $31,000. HHM Wealth Advisors LLC bought a new stake in shares of General Mills during the third quarter worth about $32,000. Finally, Fortitude Family Office LLC acquired a new position in shares of General Mills in the fourth quarter valued at approximately $40,000. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of NYSE GIS opened at $69.89 on Wednesday. The firm has a market capitalization of $39.69 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.41 and a beta of 0.15. The firm’s 50-day moving average price is $68.36 and its 200-day moving average price is $65.97. 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 1-year low of $60.33 and a 1-year high of $90.89.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the prior year, the business earned $0.97 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GIS shares. JPMorgan Chase & Co. lifted their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Bank of America boosted their price objective on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Citigroup assumed coverage on General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $77.00 price target on shares of General Mills in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.18.

Insider Buying and Selling

In other General Mills 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 transaction of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

General Mills Company 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.