Boston Research & Management Inc. Has $4.65 Million Stake in General Mills, Inc. $GIS

Boston Research & Management Inc. lowered its position in shares of General Mills, Inc. (NYSE:GIS) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,079 shares of the company’s stock after selling 15,278 shares during the quarter. Boston Research & Management Inc.’s holdings in General Mills were worth $4,653,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP bought a new position in General Mills in the second quarter valued at approximately $9,188,000. Bank of Nova Scotia lifted its stake in General Mills by 4.1% in the second quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock valued at $3,374,000 after buying an additional 2,552 shares in the last quarter. WINTON GROUP Ltd lifted its stake in General Mills by 112.6% in the second quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock valued at $465,000 after buying an additional 4,752 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in General Mills by 4.9% in the second quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after buying an additional 3,814 shares in the last quarter. Finally, Nebula Research & Development LLC lifted its stake in General Mills by 334.2% in the second quarter. Nebula Research & Development LLC now owns 19,542 shares of the company’s stock valued at $1,012,000 after buying an additional 15,041 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Price Performance

NYSE:GIS opened at $33.81 on Thursday. General Mills, Inc. has a one year low of $31.75 and a one year high of $55.13. The company has a market cap of $18.04 billion, a P/E ratio of 8.27 and a beta of -0.03. The firm’s fifty day moving average price is $34.63 and its two-hundred day moving average price is $41.14. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the firm earned $1.12 earnings per share. General Mills’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts expect that General Mills, Inc. will post 3.42 earnings per share for the current year.

Insider Buying and Selling at General Mills

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GIS. Mizuho cut their price objective on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Stifel Nicolaus cut their price objective on shares of General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Bank of America cut their price objective on shares of General Mills from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Barclays dropped their price target on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Finally, Evercore set a $45.00 price target on shares of General Mills in a research report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $39.39.

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.