General Mills, Inc. $GIS Shares Bought by Coston McIsaac & Partners

Coston McIsaac & Partners lifted its stake in General Mills, Inc. (NYSE:GIS) by 23.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,117 shares of the company’s stock after buying an additional 16,732 shares during the period. Coston McIsaac & Partners’ holdings in General Mills were worth $3,316,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Marshall Wace LLP purchased a new stake in shares of General Mills during the second quarter valued at approximately $9,188,000. Bank of Nova Scotia boosted its stake in shares of 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 purchasing an additional 2,552 shares during the period. WINTON GROUP Ltd grew its holdings in General Mills by 112.6% during the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock valued at $465,000 after purchasing an additional 4,752 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in General Mills by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after purchasing an additional 3,814 shares in the last quarter. Finally, Nebula Research & Development LLC increased its position in shares of General Mills by 334.2% during the second quarter. Nebula Research & Development LLC now owns 19,542 shares of the company’s stock worth $1,012,000 after acquiring an additional 15,041 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity at General Mills

In other 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 transaction 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 represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of the 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 transaction, the insider owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This trade represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group dropped their target price on shares of General Mills from $35.00 to $30.00 and set a “sell” rating for the company in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $38.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. TD Cowen reduced their price objective on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Friday. BTIG Research started coverage on General Mills in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley cut their target price on General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, June 5th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, General Mills presently has an average rating of “Reduce” and a consensus price target of $39.06.

General Mills Trading Up 0.1%

Shares of NYSE:GIS opened at $36.04 on Monday. The company has a 50 day moving average of $34.12 and a 200-day moving average of $40.09. The firm has a market cap of $19.23 billion, a P/E ratio of 8.81 and a beta of -0.03. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $54.18. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17.

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.