25,596 Shares in General Mills, Inc. $GIS Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of General Mills, Inc. (NYSE:GIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,596 shares of the company’s stock, valued at approximately $1,190,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in General Mills by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,935,647 shares of the company’s stock valued at $90,008,000 after acquiring an additional 391,513 shares during the period. Korea Investment CORP lifted its holdings in General Mills by 31.9% in the fourth quarter. Korea Investment CORP now owns 439,337 shares of the company’s stock valued at $20,429,000 after acquiring an additional 106,138 shares during the period. Wealthspire Advisors LLC lifted its holdings in General Mills by 29.3% in the fourth quarter. Wealthspire Advisors LLC now owns 16,736 shares of the company’s stock valued at $778,000 after acquiring an additional 3,789 shares during the period. Macquarie Group Ltd. lifted its holdings in General Mills by 3.4% in the fourth quarter. Macquarie Group Ltd. now owns 78,097 shares of the company’s stock valued at $3,617,000 after acquiring an additional 2,604 shares during the period. Finally, Keynote Financial Services LLC lifted its holdings in General Mills by 6.2% in the fourth quarter. Keynote Financial Services LLC now owns 9,347 shares of the company’s stock valued at $435,000 after acquiring an additional 548 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Up 1.9%

Shares of GIS opened at $34.47 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. General Mills, Inc. has a one year low of $31.75 and a one year high of $55.13. The stock has a market capitalization of $18.40 billion, a price-to-earnings ratio of 8.43 and a beta of -0.03. The stock has a 50 day moving average price of $34.51 and a 200 day moving average price of $41.00.

General Mills (NYSE:GIS) last issued its quarterly earnings results 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 return on equity of 19.19% and a net margin of 12.05%.The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities research analysts forecast that General Mills, Inc. will post 3.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GIS. Bank of America decreased their price target on General Mills from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Piper Sandler decreased their price target on General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. UBS Group decreased their price target on General Mills from $35.00 to $30.00 and set a “sell” rating for the company in a report on Tuesday, June 2nd. Barclays decreased their price target on General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Finally, Sanford C. Bernstein cut General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat, General Mills has an average rating of “Reduce” and an average target price of $39.39.

Insider Activity 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 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 in the company, valued at $2,947,288.54. This represents a 10.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $275,827.50. Following the completion of the sale, the insider 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 SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by insiders.

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.