5,147 Shares in General Mills, Inc. (NYSE:GIS) Purchased by Sapient Capital LLC

Sapient Capital LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,147 shares of the company’s stock, valued at approximately $335,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nordea Investment Management AB lifted its stake in General Mills by 48.7% in the third quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock worth $325,728,000 after acquiring an additional 1,654,111 shares during the period. American Century Companies Inc. lifted its position in shares of General Mills by 257.7% in the 3rd quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after purchasing an additional 765,070 shares during the period. LSV Asset Management boosted its stake in shares of General Mills by 165.6% during the 4th quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock valued at $68,381,000 after purchasing an additional 654,550 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of General Mills by 6,893.6% during the fourth quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock valued at $33,361,000 after buying an additional 504,816 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in General Mills by 55.9% in the third quarter. Canada Pension Plan Investment Board now owns 1,141,913 shares of the company’s stock worth $73,071,000 after buying an additional 409,588 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of NYSE GIS opened at $69.14 on Tuesday. 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 firm’s 50-day moving average price is $68.24 and its 200-day moving average price is $65.93. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $90.89. The company has a market cap of $39.26 billion, a PE ratio of 15.86, a PEG ratio of 2.41 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 the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. As a group, analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current year.

Insider Buying and Selling

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GIS. HSBC increased their target price on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Morgan Stanley boosted their target price on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Mizuho increased their price target 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 objective on shares of General Mills in a report on Monday, April 22nd. Finally, 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. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.18.

General Mills Company 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.