Cidel Asset Management Inc. purchased a new stake in General Mills, Inc. (NYSE:GIS – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,000 shares of the company’s stock, valued at approximately $202,000.
Several other institutional investors have also recently bought and sold shares of GIS. Geode Capital Management LLC boosted its position in shares of General Mills by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 9,625,709 shares of the company’s stock worth $574,090,000 after purchasing an additional 473,686 shares during the period. Morgan Stanley boosted its position in shares of General Mills by 51.3% during the 2nd quarter. Morgan Stanley now owns 8,785,086 shares of the company’s stock worth $535,275,000 after purchasing an additional 2,980,227 shares during the period. Northern Trust Corp boosted its position in shares of General Mills by 0.3% during the 4th quarter. Northern Trust Corp now owns 7,580,174 shares of the company’s stock worth $510,752,000 after purchasing an additional 18,959 shares during the period. California Public Employees Retirement System lifted its holdings in General Mills by 2.3% during the 3rd quarter. California Public Employees Retirement System now owns 4,671,635 shares of the company’s stock worth $279,457,000 after buying an additional 104,762 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in General Mills by 19.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,669,287 shares of the company’s stock worth $279,348,000 after buying an additional 748,544 shares in the last quarter. 73.72% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on GIS shares. UBS Group started coverage on shares of General Mills in a report on Wednesday, March 30th. They set a “neutral” rating and a $69.00 target price on the stock. Morgan Stanley increased their target price on shares of General Mills from $51.00 to $56.00 in a report on Tuesday, January 11th. Piper Sandler increased their target price on shares of General Mills from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, March 24th. StockNews.com raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Thursday, March 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of General Mills from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.09.
GIS traded down $0.56 during trading on Monday, hitting $71.94. 47,644 shares of the company’s stock were exchanged, compared to its average volume of 3,781,058. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.09. General Mills, Inc. has a 1 year low of $56.67 and a 1 year high of $73.80. The stock has a 50 day moving average price of $67.32 and a 200 day moving average price of $66.01. The firm has a market cap of $43.32 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 2.55 and a beta of 0.52.
General Mills (NYSE:GIS – Get Rating) last released its quarterly earnings data on Wednesday, March 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.55 billion. General Mills had a net margin of 12.36% and a return on equity of 23.10%. General Mills’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 earnings per share. Analysts forecast that General Mills, Inc. will post 3.83 earnings per share for the current fiscal year.
General Mills Profile (Get Rating)
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, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.
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