Ossiam Buys 13,362 Shares of General Mills, Inc. (NYSE:GIS)

Ossiam grew its holdings in General Mills, Inc. (NYSE:GISFree Report) by 48.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,081 shares of the company’s stock after purchasing an additional 13,362 shares during the quarter. Ossiam’s holdings in General Mills were worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Traverso Chambers Private Wealth Management LLC grew its stake in General Mills by 1.0% in 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 acquiring an additional 156 shares during the period. Nicholas Hoffman & Company LLC. grew its position in General Mills by 2.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock valued at $382,000 after purchasing an additional 164 shares during the period. Berger Financial Group Inc increased its stake in General Mills by 2.5% during the 4th quarter. Berger Financial Group Inc now owns 6,937 shares of the company’s stock valued at $452,000 after purchasing an additional 168 shares in the last quarter. Tompkins Financial Corp raised its holdings in General Mills by 6.6% during the third quarter. Tompkins Financial Corp now owns 2,787 shares of the company’s stock worth $178,000 after buying an additional 172 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in shares of General Mills by 23.3% in the fourth quarter. ORG Partners LLC now owns 915 shares of the company’s stock valued at $60,000 after buying an additional 173 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Transactions at General Mills

In related news, insider Werner Lanette Shaffer sold 710 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the transaction, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

General Mills Stock Up 0.1 %

GIS stock opened at $67.46 on Monday. The firm has a market cap of $38.31 billion, a PE ratio of 15.47, a P/E/G ratio of 2.92 and a beta of 0.12. General Mills, Inc. has a one year low of $60.33 and a one year high of $82.83. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The firm’s fifty day moving average is $69.41 and its 200 day moving average is $66.63.

General Mills (NYSE:GISGet Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GIS shares. Morgan Stanley boosted their target price on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. Barclays lifted their target price on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $72.00 price objective on shares of General Mills in a research note on Thursday, March 21st. Sanford C. Bernstein upgraded shares of General Mills from an “underperform” rating to a “market perform” rating and increased their price target for the company from $62.00 to $70.00 in a research report on Wednesday, May 15th. Finally, TD Cowen upped their price objective on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus price target of $71.94.

Read Our Latest Research Report on General Mills

General Mills Company 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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