State of Tennessee Treasury Department lifted its position in General Mills, Inc. (NYSE:GIS) by 44.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 207,744 shares of the company’s stock after purchasing an additional 63,756 shares during the quarter. State of Tennessee Treasury Department’s holdings in General Mills were worth $10,963,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Firestone Capital Management purchased a new position in General Mills in the fourth quarter worth about $33,000. Paragon Capital Management LLC purchased a new position in shares of General Mills during the first quarter valued at approximately $25,000. Prestige Wealth Management Group LLC boosted its position in shares of General Mills by 86.5% during the first quarter. Prestige Wealth Management Group LLC now owns 483 shares of the company’s stock valued at $25,000 after buying an additional 224 shares during the period. Balentine LLC purchased a new stake in shares of General Mills in the first quarter valued at approximately $27,000. Finally, Royal Fund Management LLC purchased a new stake in shares of General Mills in the first quarter valued at approximately $26,000. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Bethany C. Quam sold 13,729 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $54.20, for a total transaction of $744,111.80. Following the transaction, the insider now owns 51,749 shares of the company’s stock, valued at $2,804,795.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn P. Ogrady sold 46,371 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $59.95, for a total transaction of $2,779,941.45. Following the transaction, the insider now directly owns 177,276 shares in the company, valued at approximately $10,627,696.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,481 shares of company stock valued at $7,707,593. 0.52% of the stock is currently owned by corporate insiders.

Several research firms recently issued reports on GIS. Royal Bank of Canada upped their target price on General Mills from $57.00 to $61.00 in a research report on Thursday, March 19th. Jefferies Financial Group increased their price objective on shares of General Mills from $56.00 to $61.00 and gave the company a “positive” rating in a report on Thursday, May 21st. Cfra upgraded shares of General Mills from a “hold” rating to a “buy” rating and raised their price target for the stock from $58.00 to $60.00 in a report on Friday, March 6th. ValuEngine cut shares of General Mills from a “hold” rating to a “sell” rating in a research report on Monday, June 8th. Finally, BMO Capital Markets lifted their price objective on shares of General Mills from $57.00 to $63.00 in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $60.39.

Shares of GIS traded down $0.39 during midday trading on Friday, hitting $59.94. The stock had a trading volume of 1,046,442 shares, compared to its average volume of 4,683,034. General Mills, Inc. has a fifty-two week low of $46.59 and a fifty-two week high of $64.31. The business has a 50-day simple moving average of $61.27 and a two-hundred day simple moving average of $55.93. The firm has a market cap of $36.88 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 2.30 and a beta of 0.61. The company has a current ratio of 0.64, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47.

General Mills Profile

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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