Claro Advisors LLC boosted its position in General Mills, Inc. (NYSE:GIS – Get Rating) by 54.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,912 shares of the company’s stock after buying an additional 1,728 shares during the quarter. Claro Advisors LLC’s holdings in General Mills were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Czech National Bank boosted its position in General Mills by 0.4% during the fourth quarter. Czech National Bank now owns 69,474 shares of the company’s stock worth $5,825,000 after purchasing an additional 253 shares during the period. Whittier Trust Co. lifted its position in shares of General Mills by 1.7% during the fourth quarter. Whittier Trust Co. now owns 15,881 shares of the company’s stock worth $1,332,000 after acquiring an additional 265 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of General Mills by 7.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 198,283 shares of the company’s stock worth $16,626,000 after acquiring an additional 13,823 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of General Mills by 47.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 16,116 shares of the company’s stock worth $1,351,000 after acquiring an additional 5,166 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in shares of General Mills by 4.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 415,853 shares of the company’s stock worth $34,878,000 after acquiring an additional 15,958 shares in the last quarter. 74.48% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider Jonathon Nudi sold 8,030 shares of General Mills stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $85.33, for a total value of $685,199.90. Following the transaction, the insider now directly owns 83,049 shares of the company’s stock, valued at $7,086,571.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Bethany C. Quam sold 21,734 shares of the firm’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $85.86, for a total value of $1,866,081.24. Following the sale, the insider now directly owns 47,560 shares of the company’s stock, valued at $4,083,501.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathon Nudi sold 8,030 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $85.33, for a total value of $685,199.90. Following the completion of the sale, the insider now directly owns 83,049 shares in the company, valued at $7,086,571.17. The disclosure for this sale can be found here. Insiders have sold a total of 55,371 shares of company stock valued at $4,849,178 over the last three months. 0.67% of the stock is owned by company insiders.
General Mills Price Performance
General Mills (NYSE:GIS – Get Rating) last announced its quarterly earnings data on Thursday, March 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. General Mills had a net margin of 14.04% and a return on equity of 24.51%. The company had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm’s revenue was up 13.0% on a year-over-year basis. Equities research analysts expect that General Mills, Inc. will post 4.24 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on GIS shares. Mizuho upped their price target on General Mills from $75.00 to $80.00 in a research report on Monday, March 27th. Morgan Stanley upped their price target on General Mills from $73.00 to $77.00 and gave the company an “underweight” rating in a research report on Tuesday, April 11th. UBS Group boosted their price target on shares of General Mills from $88.00 to $96.00 in a research report on Monday, March 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of General Mills from $84.00 to $86.00 in a research report on Friday, March 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of General Mills from $76.00 to $77.00 and gave the company a “neutral” rating in a research report on Thursday, March 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $84.76.
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, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.
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