Foundations Investment Advisors LLC Boosts Stock Position in General Mills, Inc. $GIS

Foundations Investment Advisors LLC raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 91.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,875 shares of the company’s stock after acquiring an additional 18,134 shares during the period. Foundations Investment Advisors LLC’s holdings in General Mills were worth $1,761,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Castlekeep Investment Advisors LLC raised its stake in shares of General Mills by 5.3% during the 4th quarter. Castlekeep Investment Advisors LLC now owns 19,979 shares of the company’s stock worth $929,000 after buying an additional 1,001 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of General Mills by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock worth $704,170,000 after buying an additional 172,200 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of General Mills during the 4th quarter worth approximately $387,000. Steel Grove Capital Advisors LLC purchased a new position in shares of General Mills during the 4th quarter worth approximately $1,307,000. Finally, AlphaQuest LLC raised its stake in shares of General Mills by 230.4% during the 4th quarter. AlphaQuest LLC now owns 54,728 shares of the company’s stock worth $2,545,000 after buying an additional 38,162 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GIS. Piper Sandler cut their target price on General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. TD Cowen cut their target price on General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. Sanford C. Bernstein cut their target price on General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a research note on Wednesday, February 18th. Barclays cut their target price on General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Finally, Stifel Nicolaus cut their target price on General Mills from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, General Mills currently has an average rating of “Reduce” and a consensus price target of $41.78.

General Mills Stock Performance

GIS opened at $33.82 on Friday. The stock has a market cap of $18.05 billion, a P/E ratio of 8.27 and a beta of -0.02. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. The stock’s 50 day simple moving average is $35.22 and its 200 day simple moving average is $41.97. General Mills, Inc. has a 1-year low of $32.64 and a 1-year high of $55.19.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. As a group, equities analysts anticipate that General Mills, Inc. will post 3.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 62,283 shares in the company, valued at $2,148,763.50. This represents a 11.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 86,002 shares in the company, valued at approximately $2,947,288.54. This represents a 10.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.