General Mills, Inc. (NYSE:GIS) Position Lifted by MMA Asset Management LLC

MMA Asset Management LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,219 shares of the company’s stock after acquiring an additional 1,102 shares during the period. MMA Asset Management LLC’s holdings in General Mills were worth $388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GIS. Morgan Stanley grew its position in shares of General Mills by 0.3% in the 3rd quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock worth $527,423,000 after acquiring an additional 23,400 shares in the last quarter. Northern Trust Corp raised its position in shares of General Mills by 5.0% during the 3rd quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock worth $511,608,000 after purchasing an additional 379,702 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of General Mills by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,527,989 shares of the company’s stock worth $468,346,000 after purchasing an additional 44,933 shares during the last quarter. Norges Bank acquired a new position in General Mills during the 4th quarter valued at approximately $377,205,000. Finally, Nordea Investment Management AB grew its stake in General Mills by 48.7% during the 3rd quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock worth $325,728,000 after buying an additional 1,654,111 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Trading Down 1.1 %

Shares of General Mills stock traded down $0.79 during trading on Friday, hitting $68.30. The stock had a trading volume of 3,195,959 shares, compared to its average volume of 3,063,010. The stock has a 50 day simple moving average of $69.73 and a 200 day simple moving average of $66.45. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $85.84. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $38.79 billion, a PE ratio of 15.67, a P/E/G ratio of 3.04 and a beta of 0.15.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on GIS. Sanford C. Bernstein upgraded shares of General Mills from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $62.00 to $70.00 in a research report on Wednesday, May 15th. JPMorgan Chase & Co. boosted their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. TD Cowen raised their target price on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Barclays boosted their price target 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. Finally, Stifel Nicolaus restated a “buy” rating and set a $77.00 price objective on shares of General Mills in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.06.

Insider Buying and Selling

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 transaction of $50,104.70. Following the completion of the sale, the insider now owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction dated 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 sale, the insider now directly owns 17,397 shares in the company, valued at approximately $1,227,706.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathon Nudi sold 10,000 shares of the 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 completion of the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

General Mills Profile

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.