Capital World Investors Acquires 16,984 Shares of General Mills, Inc. $GIS

Capital World Investors grew its holdings in General Mills, Inc. (NYSE:GIS) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,602,094 shares of the company’s stock after acquiring an additional 16,984 shares during the quarter. Capital World Investors owned 1.05% of General Mills worth $260,497,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Modus Advisors LLC bought a new stake in shares of General Mills in the fourth quarter worth about $50,000. DB&C Advisors LLC bought a new stake in shares of General Mills in the fourth quarter worth about $540,000. 111 Capital bought a new position in shares of General Mills during the fourth quarter worth about $438,000. Vestcor Inc grew its holdings in shares of General Mills by 7.1% during the fourth quarter. Vestcor Inc now owns 28,482 shares of the company’s stock worth $1,324,000 after buying an additional 1,896 shares in the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of General Mills by 14.7% during the fourth quarter. MCF Advisors LLC now owns 3,511 shares of the company’s stock worth $163,000 after buying an additional 449 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’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 directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the sale, the insider directly owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GIS. Sanford C. Bernstein downgraded General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a report on Wednesday, June 3rd. Wells Fargo & Company decreased their price objective on General Mills from $33.00 to $30.00 and set an “underweight” rating for the company in a report on Monday, May 18th. Piper Sandler decreased their price objective on General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Evercore set a $45.00 price objective on General Mills in a report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $38.00 to $32.00 and set a “hold” rating for the company in a report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $39.39.

General Mills Stock Down 0.1%

GIS stock opened at $33.13 on Tuesday. 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 business has a 50 day moving average price of $34.75 and a two-hundred day moving average price of $41.34. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 8.10 and a beta of -0.03. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $55.19.

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

General Mills Company 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.