General Mills, Inc. (NYSE:GIS) Shares Acquired by Howland Capital Management LLC


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Howland Capital Management LLC raised its position in General Mills, Inc. (NYSE:GIS) by 7.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,081 shares of the company’s stock after buying an additional 886 shares during the quarter. Howland Capital Management LLC’s holdings in General Mills were worth $741,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of GIS. Bremer Bank National Association boosted its position in shares of General Mills by 2.0% in the 1st quarter. Bremer Bank National Association now owns 8,722 shares of the company’s stock worth $535,000 after buying an additional 169 shares in the last quarter. GWM Advisors LLC increased its position in General Mills by 1.5% during the 4th quarter. GWM Advisors LLC now owns 11,707 shares of the company’s stock worth $688,000 after purchasing an additional 172 shares in the last quarter. RFG Advisory LLC increased its position in General Mills by 4.4% during the 1st quarter. RFG Advisory LLC now owns 4,089 shares of the company’s stock worth $251,000 after purchasing an additional 173 shares in the last quarter. Van Cleef Asset Management Inc grew its position in General Mills by 2.5% in the fourth quarter. Van Cleef Asset Management Inc now owns 7,413 shares of the company’s stock valued at $436,000 after acquiring an additional 178 shares in the last quarter. Finally, Fieldpoint Private Securities LLC boosted its stake in shares of General Mills by 5.3% during the 4th quarter. Fieldpoint Private Securities LLC now owns 3,564 shares of the company’s stock valued at $210,000 after buying an additional 180 shares during the last quarter. 73.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of GIS opened at $61.60 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a market capitalization of $37.57 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.98 and a beta of 0.57. General Mills, Inc. has a 12-month low of $53.96 and a 12-month high of $66.14. The business’s fifty day moving average price is $60.81 and its 200 day moving average price is $59.18.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Tuesday, March 23rd. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.45 billion. General Mills had a net margin of 13.16% and a return on equity of 28.60%. General Mills’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. As a group, research analysts anticipate that General Mills, Inc. will post 3.73 earnings per share for the current fiscal year.

GIS has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on General Mills from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 14th. JPMorgan Chase & Co. reduced their price target on General Mills from $62.00 to $55.00 in a research report on Tuesday, January 19th. Jefferies Financial Group cut their price objective on General Mills from $64.00 to $59.00 and set a “hold” rating for the company in a research report on Tuesday, January 12th. Finally, Credit Suisse Group dropped their price target on General Mills from $66.00 to $64.00 and set an “outperform” rating for the company in a report on Monday, March 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $63.27.

In other news, CAO Mark A. Pallot sold 1,574 shares of General Mills stock in a transaction dated Monday, March 29th. The stock was sold at an average price of $62.49, for a total transaction of $98,359.26. Following the completion of the sale, the chief accounting officer now directly owns 13,760 shares in the company, valued at approximately $859,862.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Richard C. Allendorf sold 10,864 shares of the business’s stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $62.16, for a total value of $675,306.24. Following the completion of the sale, the general counsel now owns 90,630 shares of the company’s stock, valued at $5,633,560.80. The disclosure for this sale can be found here. Insiders have sold a total of 72,208 shares of company stock valued at $4,436,830 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, snack bars, fruit snacks, nutrition bars, and savory snacks, as well as organic products, including refrigerated yogurt, frozen and shelf-stable vegetables, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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

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