Sachetta LLC Takes Position in General Mills, Inc. (NYSE:GIS)

Sachetta LLC purchased a new stake in General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,792 shares of the company’s stock, valued at approximately $117,000.

Other large investors have also modified their holdings of the company. Operose Advisors LLC lifted its stake in General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in General Mills during the 4th quarter worth about $27,000. Bruce G. Allen Investments LLC acquired a new position in General Mills during the 4th quarter worth about $28,000. Authentikos Wealth Advisory LLC acquired a new position in General Mills during the 3rd quarter worth about $31,000. Finally, HHM Wealth Advisors LLC acquired a new position in General Mills during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Performance

NYSE:GIS traded down $0.43 during mid-day trading on Tuesday, reaching $71.00. 482,081 shares of the stock were exchanged, compared to its average volume of 4,014,363. The company has a 50 day simple moving average of $69.44 and a 200-day simple moving average of $66.33. The stock has a market capitalization of $40.32 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.46 and a beta of 0.15. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $87.65.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping 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 analysts’ expectations of $4.97 billion. During the same period last year, the firm earned $0.97 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GIS. Mizuho increased their target price on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. 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 report on Thursday, March 21st. Stifel Nicolaus restated a “buy” rating and set a $77.00 price target on shares of General Mills in a report on Monday, April 22nd. JPMorgan Chase & Co. upped their price target on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Bank of America upped their price target on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.06.

Insiders Place Their Bets

In other General Mills news, 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 transaction of $692,100.00. Following the completion of the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Werner Lanette Shaffer sold 710 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the sale, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,765 shares of company stock valued at $745,822. 0.24% of the stock is owned by company insiders.

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.