Evercore Wealth Management LLC Sells 498 Shares of General Mills, Inc. (NYSE:GIS)

Evercore Wealth Management LLC reduced its holdings in shares of General Mills, Inc. (NYSE:GISFree Report) by 5.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,407 shares of the company’s stock after selling 498 shares during the quarter. Evercore Wealth Management LLC’s holdings in General Mills were worth $613,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Traverso Chambers Private Wealth Management LLC grew its stake in shares of General Mills by 1.0% during the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock worth $1,052,000 after acquiring an additional 156 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in shares of General Mills by 2.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock valued at $382,000 after buying an additional 164 shares during the last quarter. Berger Financial Group Inc boosted its holdings in shares of General Mills by 2.5% in the 4th quarter. Berger Financial Group Inc now owns 6,937 shares of the company’s stock valued at $452,000 after buying an additional 168 shares during the last quarter. Tompkins Financial Corp boosted its holdings in shares of General Mills by 6.6% in the 3rd quarter. Tompkins Financial Corp now owns 2,787 shares of the company’s stock valued at $178,000 after buying an additional 172 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of General Mills by 23.3% in the 4th quarter. ORG Partners LLC now owns 915 shares of the company’s stock valued at $60,000 after buying an additional 173 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their price target on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Bank of America lifted their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. dropped their target price on General Mills from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Stifel Nicolaus reissued a “buy” rating and set a $77.00 target price on shares of General Mills in a report on Monday, April 22nd. Finally, Morgan Stanley raised their price target on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $71.94.

Check Out Our Latest Stock Report on General Mills

General Mills Price Performance

Shares of GIS opened at $67.46 on Monday. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $82.83. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The business’s 50 day moving average price is $69.41 and its two-hundred day moving average price is $66.63. The firm has a market cap of $38.31 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 2.92 and a beta of 0.12.

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

Insider Buying and Selling at General Mills

In other news, insider Werner Lanette Shaffer sold 710 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the transaction, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction dated 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 owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

General Mills Profile

(Free Report)

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.

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

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