Corient Private Wealth LLC Buys 39,532 Shares of General Mills, Inc. (NYSE:GIS)

Corient Private Wealth LLC lifted its stake in General Mills, Inc. (NYSE:GIS) by 16.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 286,711 shares of the company’s stock after purchasing an additional 39,532 shares during the period. Corient Private Wealth LLC’s holdings in General Mills were worth $18,676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Larson Financial Group LLC lifted its stake in shares of General Mills by 95.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,449 shares of the company’s stock valued at $157,000 after buying an additional 1,193 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in General Mills by 4.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 206,139 shares of the company’s stock worth $13,191,000 after purchasing an additional 8,161 shares during the period. LSV Asset Management grew its holdings in General Mills by 9.0% during the 3rd quarter. LSV Asset Management now owns 395,200 shares of the company’s stock valued at $25,289,000 after buying an additional 32,674 shares in the last quarter. Syon Capital LLC bought a new stake in shares of General Mills during the third quarter valued at approximately $269,000. Finally, NBC Securities Inc. bought a new position in shares of General Mills during the third quarter worth $1,319,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Trading Down 1.8 %

Shares of General Mills stock opened at $69.10 on Friday. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $85.84. The firm’s 50 day simple moving average is $69.70 and its two-hundred day simple moving average is $66.41. 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 capitalization of $39.24 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 3.13 and a beta of 0.15.

General Mills (NYSE:GIS) 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. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Analysts predict that General Mills, Inc. will post 4.51 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GIS shares. Barclays boosted their target price on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. HSBC raised their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Mizuho upped their price target on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 price objective on shares of General Mills in a research report on Monday, April 22nd. Finally, Citigroup initiated coverage on shares of General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.06.

Insider Buying and Selling at General Mills

In other news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the sale, 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 filing with the SEC, which is available at this hyperlink. In other 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 completion of the sale, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Werner Lanette Shaffer sold 710 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $1,227,706.29. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

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.