General Mills, Inc. $GIS Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 91.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,875 shares of the company’s stock after buying an additional 18,134 shares during the quarter. Foundations Investment Advisors LLC’s holdings in General Mills were worth $1,761,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. LBP AM SA acquired a new stake in General Mills during the 4th quarter valued at $2,639,000. Oak Thistle LLC acquired a new stake in General Mills during the 4th quarter valued at $1,320,000. Robeco Institutional Asset Management B.V. grew its holdings in 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 valued at $41,628,000 after buying an additional 848,712 shares during the last quarter. Korea Investment CORP grew its holdings in General Mills by 161.9% during the 3rd quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock valued at $16,800,000 after buying an additional 205,981 shares during the last quarter. Finally, HF Advisory Group LLC boosted its holdings in shares of General Mills by 550.2% during the fourth quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock worth $3,681,000 after purchasing an additional 66,981 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Price Performance

GIS stock opened at $33.82 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 8.27 and a beta of -0.02. The stock’s fifty day simple moving average is $35.22 and its 200-day simple moving average is $41.97. General Mills, Inc. has a 52-week low of $32.64 and a 52-week high of $55.19.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share 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 analysts’ expectations of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share. Equities research analysts expect that General Mills, Inc. will post 3.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research cut General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Wells Fargo & Company decreased their price objective on General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a report on Monday, May 18th. BTIG Research assumed coverage on General Mills in a report on Monday, April 13th. They set a “neutral” rating on the stock. Evercore set a $45.00 price objective on General Mills in a report on Wednesday, February 18th. Finally, Bank of America decreased their price objective on General Mills from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $41.78.

Insider Buying and Selling at General Mills

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

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.