FORA Capital LLC Takes $1.96 Million Position in General Mills, Inc. (NYSE:GIS)

FORA Capital LLC bought a new position in General Mills, Inc. (NYSE:GIS) in the 4th quarter, Holdings Channel.com reports. The fund bought 30,748 shares of the company’s stock, valued at approximately $1,961,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Family Management Corp increased its holdings in shares of General Mills by 1,320.5% during the fourth quarter. Family Management Corp now owns 56,949 shares of the company’s stock worth $3,632,000 after buying an additional 52,940 shares in the last quarter. Clearline Capital LP acquired a new position in shares of General Mills during the 4th quarter worth about $1,578,000. Deutsche Bank AG grew its holdings in General Mills by 20.5% in the 4th quarter. Deutsche Bank AG now owns 3,543,399 shares of the company’s stock valued at $225,963,000 after buying an additional 603,377 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of General Mills in the 4th quarter valued at $220,000. Finally, Crestline Management LP boosted its holdings in shares of General Mills by 114.1% during the 4th quarter. Crestline Management LP now owns 25,541 shares of the company’s stock valued at $1,629,000 after acquiring an additional 13,613 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

General Mills Trading Up 0.4 %

NYSE GIS opened at $54.67 on Friday. General Mills, Inc. has a one year low of $53.82 and a one year high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The firm’s fifty day moving average is $58.43 and its two-hundred day moving average is $61.44. The firm has a market cap of $30.14 billion, a PE ratio of 11.89, a P/E/G ratio of 1.94 and a beta of 0.05.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 earnings per share. Analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley assumed coverage on General Mills in a research report on Monday, March 24th. They issued an “underweight” rating and a $53.00 target price for the company. Citigroup decreased their price objective on General Mills from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Barclays cut their target price on General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Monday, March 17th. Finally, Mizuho cut their price objective on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.00.

About General Mills

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.