General Mills, Inc. (NYSE:GIS) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in General Mills, Inc. (NYSE:GIS) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,711 shares of the company’s stock after buying an additional 39,532 shares during the period. Corient Private Wealth LLC owned about 0.05% of General Mills worth $18,676,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC grew its position in shares of General Mills by 214.1% in the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after buying an additional 274 shares during the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $27,000. Bruce G. Allen Investments LLC purchased a new stake in shares of General Mills in the 4th quarter valued at about $28,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of General Mills in the 3rd quarter valued at about $31,000. Finally, Fortitude Family Office LLC purchased a new stake in General Mills in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

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

General Mills Stock Performance

Shares of GIS stock opened at $69.10 on Friday. The stock has a fifty day moving average price of $69.70 and a 200 day moving average price of $66.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The stock has a market cap of $39.24 billion, a PE ratio of 15.85, a P/E/G ratio of 3.13 and a beta of 0.15. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $85.84.

General Mills (NYSE:GIS) last posted its quarterly 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 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 analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The firm’s revenue was down .5% on a year-over-year basis. Sell-side analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GIS has been the subject of several research reports. Citigroup began coverage on shares of General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target for the company. Mizuho increased their target price on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price target on shares of General Mills in a research report on Monday, April 22nd. Bank of America lifted 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. Finally, Wells Fargo & Company upped their price target on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $72.06.

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.