219,600 Shares in General Mills, Inc. $GIS Bought by Holowesko Partners Ltd.

Holowesko Partners Ltd. bought a new position in General Mills, Inc. (NYSE:GIS) during the 4th quarter, HoldingsChannel reports. The fund bought 219,600 shares of the company’s stock, valued at approximately $10,211,000. General Mills makes up 3.6% of Holowesko Partners Ltd.’s investment portfolio, making the stock its 11th largest position.

Several other hedge funds also recently made changes to their positions in GIS. LBP AM SA bought a new stake in shares of General Mills during the 4th quarter valued at $2,639,000. Oak Thistle LLC bought a new stake in shares of General Mills during the 4th quarter valued at $1,320,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of General Mills by 1,824.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after buying an additional 848,712 shares in the last quarter. Korea Investment CORP boosted its holdings in shares of General Mills by 161.9% during the 3rd quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock valued at $16,800,000 after buying an additional 205,981 shares in the last quarter. Finally, HF Advisory Group LLC boosted its holdings in shares of General Mills by 550.2% during the 4th quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock valued at $3,681,000 after buying an additional 66,981 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the sale, the insider directly owned 62,283 shares of the company’s stock, valued at $2,148,763.50. The trade was a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GIS has been the topic of a number of research reports. Barclays dropped their target price on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Zacks Research cut shares of General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 target price on shares of General Mills in a report on Tuesday, June 2nd. Royal Bank Of Canada dropped their target price on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of General Mills from $36.00 to $31.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $39.39.

General Mills Price Performance

Shares of NYSE:GIS opened at $33.18 on Monday. General Mills, Inc. has a fifty-two week low of $31.75 and a fifty-two week high of $55.19. The business has a 50-day simple moving average of $34.81 and a two-hundred day simple moving average of $41.44. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of 8.11 and a beta of -0.03.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period last year, the firm posted $1.12 EPS. General Mills’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts expect that General Mills, Inc. will post 3.43 earnings per share for the current year.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.