Vise Technologies Inc. Has $1.82 Million Stake in General Mills, Inc. $GIS

Vise Technologies Inc. raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 77.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,030 shares of the company’s stock after purchasing an additional 17,088 shares during the period. Vise Technologies Inc.’s holdings in General Mills were worth $1,815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GIS. Norges Bank bought a new position in shares of General Mills during the fourth quarter worth about $361,552,000. Worldquant Millennium Advisors LLC bought a new stake in General Mills in the second quarter valued at approximately $84,862,000. Two Sigma Investments LP boosted its holdings in General Mills by 82.8% in the third quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company’s stock valued at $172,226,000 after acquiring an additional 1,546,993 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in General Mills by 22.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock valued at $384,625,000 after purchasing an additional 1,383,913 shares during the period. Finally, LSV Asset Management increased its position in General Mills by 32.4% during the 4th quarter. LSV Asset Management now owns 4,033,350 shares of the company’s stock valued at $187,551,000 after purchasing an additional 986,050 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GIS has been the topic of a number of recent analyst reports. Mizuho dropped their price target on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Evercore set a $45.00 price target on shares of General Mills in a research report on Wednesday, February 18th. TD Cowen dropped their price target on shares of General Mills from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Mills from $38.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Royal Bank Of Canada lowered their price objective on General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $39.39.

Insider Buying and Selling at General Mills

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by corporate insiders.

General Mills Stock Performance

GIS stock opened at $33.18 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. General Mills, Inc. has a 1-year low of $31.75 and a 1-year high of $55.19. The stock has a 50-day moving average price of $34.81 and a 200-day moving average price of $41.44. The firm has a market cap of $17.71 billion, a PE ratio of 8.11 and a beta of -0.03.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.09). The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. As a group, equities research analysts expect that General Mills, Inc. will post 3.43 earnings per share for the current year.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.