Scotia Capital Inc. Grows Position in General Mills, Inc. (NYSE:GIS)

Scotia Capital Inc. raised its stake in shares of General Mills, Inc. (NYSE:GISFree Report) by 29.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,372 shares of the company’s stock after buying an additional 1,886 shares during the quarter. Scotia Capital Inc.’s holdings in General Mills were worth $545,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Traverso Chambers Private Wealth Management LLC raised its stake in General Mills by 1.0% during the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after buying an additional 156 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of General Mills by 2.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock worth $382,000 after purchasing an additional 164 shares in the last quarter. Berger Financial Group Inc increased its holdings in shares of General Mills by 2.5% in the 4th quarter. Berger Financial Group Inc now owns 6,937 shares of the company’s stock worth $452,000 after purchasing an additional 168 shares in the last quarter. Tompkins Financial Corp increased its holdings in shares of General Mills by 6.6% in the 3rd quarter. Tompkins Financial Corp now owns 2,787 shares of the company’s stock worth $178,000 after purchasing an additional 172 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in shares of General Mills by 23.3% in the 4th quarter. ORG Partners LLC now owns 915 shares of the company’s stock worth $60,000 after purchasing an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the sale, the insider now directly owns 17,397 shares in the company, valued at $1,227,706.29. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

General Mills Stock Performance

Shares of GIS opened at $68.14 on Wednesday. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $85.84. The stock has a fifty day moving average price of $69.56 and a 200-day moving average price of $66.57. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The firm has a market cap of $38.70 billion, a PE ratio of 15.63, a P/E/G ratio of 2.93 and a beta of 0.12.

General Mills (NYSE:GISGet Free Report) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GIS has been the subject of a number of research analyst reports. TD Cowen lifted their target price on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. cut their price objective on General Mills from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Mizuho lifted their price objective on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Barclays lifted their price objective on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company lifted their price objective on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.94.

Read Our Latest Research Report on GIS

General Mills Profile

(Free Report)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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