Two Sigma Investments LP Boosts Holdings in General Mills, Inc. (NYSE:GIS)

Two Sigma Investments LP raised its position in General Mills, Inc. (NYSE:GIS - Free Report) by 280.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 805,255 shares of the company's stock after purchasing an additional 593,698 shares during the period. Two Sigma Investments LP owned 0.15% of General Mills worth $51,351,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in General Mills during the fourth quarter worth about $26,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of General Mills in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills during the 4th quarter valued at about $31,000. Transce3nd LLC purchased a new position in shares of General Mills during the fourth quarter worth about $32,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of General Mills during the fourth quarter worth about $32,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. This represents a 3.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.26% of the company's stock.

General Mills Trading Down 0.6%

Shares of GIS opened at $54.80 on Tuesday. The firm has a fifty day simple moving average of $57.33 and a two-hundred day simple moving average of $60.66. General Mills, Inc. has a twelve month low of $52.93 and a twelve month high of $75.90. The stock has a market capitalization of $30.21 billion, a P/E ratio of 11.91, a PEG ratio of 1.94 and a beta of 0.05. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share 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 company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business posted $1.17 earnings per share. General Mills's revenue for the quarter was down 5.1% on a year-over-year basis. On average, research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on GIS shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $70.00 target price on shares of General Mills in a research report on Monday, March 17th. UBS Group began coverage on shares of General Mills in a report on Wednesday, April 23rd. They set a "sell" rating and a $54.00 price objective for the company. Wells Fargo & Company reduced their target price on 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. Piper Sandler dropped their price target on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, Mizuho reduced their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report 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 issued a buy rating to the company. According to data from MarketBeat, General Mills currently has an average rating of "Hold" and a consensus price target of $64.69.

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 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.

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