United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires Shares of 332,808 General Mills, Inc. $GIS

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 332,808 shares of the company’s stock, valued at approximately $15,476,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. LBP AM SA acquired a new stake in shares of General Mills during the 4th quarter worth $2,639,000. Oak Thistle LLC bought a new stake in shares of General Mills during the 4th quarter worth $1,320,000. Robeco Institutional Asset Management B.V. lifted its position in shares of General Mills by 1,824.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock worth $41,628,000 after buying an additional 848,712 shares during the last quarter. Korea Investment CORP lifted its position in shares of General Mills by 161.9% during the 3rd quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock worth $16,800,000 after buying an additional 205,981 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of General Mills by 7.7% during the 3rd quarter. AE Wealth Management LLC now owns 346,005 shares of the company’s stock worth $17,445,000 after buying an additional 24,688 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the transaction, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the transaction, the insider owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This represents a 10.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by company insiders.

General Mills Price Performance

General Mills stock opened at $33.86 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $18.07 billion, a PE ratio of 8.28 and a beta of -0.02. General Mills, Inc. has a 12 month low of $32.64 and a 12 month high of $55.19. The stock has a 50-day moving average price of $35.30 and a two-hundred day moving average price of $42.03.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. General Mills’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 earnings per share. Analysts expect that General Mills, Inc. will post 3.43 EPS for the current year.

Analyst Ratings Changes

GIS has been the subject of several recent analyst reports. Barclays dropped their price objective on General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Zacks Research downgraded General Mills from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Piper Sandler dropped their price objective on General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Bank of America dropped their price objective on General Mills from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on General Mills from $38.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $41.78.

General Mills Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.