WBI Investments LLC Acquires Shares of 27,447 General Mills, Inc. (NYSE:GIS)

WBI Investments LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 27,447 shares of the company's stock, valued at approximately $1,750,000.

Several other hedge funds also recently added to or reduced their stakes in the company. St. Clair Advisors LLC bought a new position in General Mills during the 4th quarter valued at about $892,000. Two Sigma Advisers LP grew its holdings in General Mills by 8,177.6% during the 4th quarter. Two Sigma Advisers LP now owns 554,600 shares of the company's stock valued at $35,367,000 after purchasing an additional 547,900 shares during the last quarter. Two Sigma Investments LP boosted its position in General Mills by 280.6% in the 4th quarter. Two Sigma Investments LP now owns 805,255 shares of the company's stock valued at $51,351,000 after buying an additional 593,698 shares during the period. Tidal Investments LLC boosted its position in General Mills by 4.6% in the 4th quarter. Tidal Investments LLC now owns 55,800 shares of the company's stock valued at $3,558,000 after buying an additional 2,465 shares during the period. Finally, State of Wyoming boosted its position in General Mills by 1,517.6% in the 4th quarter. State of Wyoming now owns 7,247 shares of the company's stock valued at $462,000 after buying an additional 6,799 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Performance

NYSE GIS traded up $0.07 during mid-day trading on Friday, reaching $53.41. 3,804,514 shares of the stock were exchanged, compared to its average volume of 4,532,123. The business's 50 day moving average is $56.81 and its 200-day moving average is $60.37. General Mills, Inc. has a 1 year low of $52.39 and a 1 year high of $75.90. The company has a market capitalization of $29.44 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.94 and a beta of 0.05. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price objective on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. Morgan Stanley began coverage on shares of General Mills in a research note on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective for the company. Mizuho cut their price target on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company cut their price target on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Finally, Bank of America cut their price target on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $64.69.

Insider Buying and Selling

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at $22,967,490. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.