WINTON GROUP Ltd decreased its position in shares of General Mills, Inc. (NYSE:GIS) by 44.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,801 shares of the company’s stock after selling 7,160 shares during the quarter. WINTON GROUP Ltd’s holdings in General Mills were worth $522,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of General Mills by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,261,796 shares of the company’s stock valued at $370,514,000 after acquiring an additional 146,687 shares during the period. Financial Gravity Companies Inc. acquired a new position in shares of General Mills during the fourth quarter valued at $131,000. Northstar Wealth Partners LLC acquired a new position in shares of General Mills during the fourth quarter valued at $238,000. CORDA Investment Management LLC. lifted its holdings in General Mills by 0.9% in the fourth quarter. CORDA Investment Management LLC. now owns 355,806 shares of the company’s stock worth $21,095,000 after purchasing an additional 3,112 shares during the period. Finally, Aevitas Wealth Management Inc. acquired a new stake in General Mills in the fourth quarter worth about $1,048,000. 74.34% of the stock is owned by institutional investors.
GIS has been the subject of several research analyst reports. Susquehanna Bancshares set a $57.00 price objective on shares of General Mills and gave the stock a “hold” rating in a report on Wednesday, December 13th. Edward Jones reaffirmed a “hold” rating on shares of General Mills in a report on Wednesday, December 20th. Credit Suisse Group reiterated a “neutral” rating and issued a $58.00 price target (down from $62.00) on shares of General Mills in a research report on Wednesday, February 21st. BMO Capital Markets reiterated a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Finally, Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.64.
In related news, insider Bethany C. Quam sold 8,712 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.
General Mills, Inc. (NYSE:GIS) opened at $52.01 on Monday. The firm has a market capitalization of $29,277.30, a PE ratio of 18.85, a PEG ratio of 2.13 and a beta of 0.72. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $61.34. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. sell-side analysts forecast that General Mills, Inc. will post 3.17 earnings per share for the current fiscal year.
General Mills announced that its Board of Directors has approved a stock buyback plan on Friday, February 23rd that permits the company to repurchase shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
WARNING: This article was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://ledgergazette.com/2018/03/12/winton-group-ltd-has-522000-stake-in-general-mills-inc-gis.html.
About General Mills
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.