General Mills, Inc. (NYSE:GIS) Stake Lifted by Delta Asset Management LLC TN

Delta Asset Management LLC TN raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 174.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,286 shares of the company’s stock after buying an additional 817 shares during the period. Delta Asset Management LLC TN’s holdings in General Mills were worth $84,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of General Mills during the 4th quarter worth about $377,205,000. Massachusetts Financial Services Co. MA boosted its holdings in General Mills by 106.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock valued at $224,254,000 after purchasing an additional 1,778,345 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of General Mills by 48.7% in the 3rd quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock worth $325,728,000 after buying an additional 1,654,111 shares in the last quarter. American Century Companies Inc. lifted its position in shares of General Mills by 257.7% during the 3rd quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after buying an additional 765,070 shares during the period. Finally, LSV Asset Management grew its position in General Mills by 165.6% in the fourth quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock valued at $68,381,000 after acquiring an additional 654,550 shares during the period. 75.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on GIS. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $72.00 target price on shares of General Mills in a report on Thursday, March 21st. Barclays lifted their target price on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Citigroup started coverage on General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price target on the stock. HSBC boosted their price objective on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Finally, Bank of America raised their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills currently has an average rating of “Hold” and an average price target of $72.06.

Insider Transactions at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jonathon Nudi sold 10,000 shares of the company’s 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 owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the transaction, the insider now owns 17,397 shares in the company, valued at $1,227,706.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,765 shares of company stock valued at $745,822. Company insiders own 0.24% of the company’s stock.

General Mills Trading Down 0.4 %

NYSE:GIS traded down $0.28 during mid-day trading on Wednesday, hitting $70.35. The company had a trading volume of 3,409,900 shares, compared to its average volume of 4,029,781. The firm has a market cap of $39.95 billion, a P/E ratio of 16.12, a P/E/G ratio of 2.46 and a beta of 0.15. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $85.84. The business’s fifty day moving average is $69.54 and its two-hundred day moving average is $66.37. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

General Mills (NYSE:GIS) last issued its earnings results 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 net margin of 12.66% and a return on equity of 26.84%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current year.

About General Mills

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.