Vinva Investment Management Ltd Buys 2,253 Shares of General Mills, Inc. (NYSE:GIS)

Vinva Investment Management Ltd raised its stake in shares of General Mills, Inc. (NYSE:GISFree Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,034 shares of the company’s stock after acquiring an additional 2,253 shares during the period. Vinva Investment Management Ltd’s holdings in General Mills were worth $1,172,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Burney Co. grew its position in General Mills by 2.1% in the 3rd quarter. Burney Co. now owns 14,800 shares of the company’s stock worth $947,000 after purchasing an additional 310 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of General Mills in the third quarter valued at approximately $685,000. Pathstone Family Office LLC increased its position in shares of General Mills by 82.0% during the third quarter. Pathstone Family Office LLC now owns 28,312 shares of the company’s stock valued at $1,813,000 after acquiring an additional 12,756 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of General Mills by 6.8% during the third quarter. Aptus Capital Advisors LLC now owns 20,586 shares of the company’s stock valued at $1,317,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in General Mills by 55.9% during the third quarter. Canada Pension Plan Investment Board now owns 1,141,913 shares of the company’s stock worth $73,071,000 after acquiring an additional 409,588 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $72.00 target price on shares of General Mills in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of General Mills from $72.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. HSBC increased their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Bank of America lifted their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Mizuho increased their price objective on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, General Mills currently has an average rating of “Hold” and an average target price of $71.94.

Read Our Latest Research Report on General Mills

Insider Activity at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a filing with the SEC, which is available through this link. In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Werner Lanette Shaffer sold 710 shares of General Mills 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 sale, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

General Mills Price Performance

General Mills stock traded up $0.07 during midday trading on Friday, reaching $67.46. 3,373,922 shares of the stock were exchanged, compared to its average volume of 3,430,015. 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 firm has a market cap of $38.31 billion, a PE ratio of 15.47, a PEG ratio of 2.92 and a beta of 0.12. The company’s fifty day moving average is $69.41 and its 200-day moving average is $66.61.

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

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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