United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys Shares of 332,808 General Mills, Inc. $GIS

Key Points

• United Super Pty Ltd bought a new stake in General Mills during the fourth quarter, acquiring 332,808 shares worth about $15.5 million. The position represented roughly 0.06% of the company.
• General Mills reported quarterly earnings of $0.64 per share, missing Wall Street expectations of $0.73, while revenue of $4.44 billion also fell short of estimates and declined 8.4% year over year.
• Shares were up 0.6% to $33.86, but analyst sentiment remains cautious: the stock carries a consensus rating of “Reduce” with an average price target of $41.78.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 332,808 shares of the company's stock, valued at approximately $15,476,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.06% of General Mills as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in shares of General Mills during the 2nd quarter worth approximately $9,188,000. Bank of Nova Scotia increased its position in shares of General Mills by 4.1% during the 2nd quarter. Bank of Nova Scotia now owns 65,118 shares of the company's stock worth $3,374,000 after purchasing an additional 2,552 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of General Mills by 112.6% during the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company's stock worth $465,000 after purchasing an additional 4,752 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of General Mills by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company's stock worth $4,250,000 after purchasing an additional 3,814 shares during the last quarter. Finally, Nebula Research & Development LLC increased its position in shares of General Mills by 334.2% during the 2nd quarter. Nebula Research & Development LLC now owns 19,542 shares of the company's stock worth $1,012,000 after purchasing an additional 15,041 shares during the last quarter. Institutional investors own 75.71% of the company's stock.

General Mills Stock Up 0.6%

GIS opened at $33.86 on Friday. General Mills, Inc. has a 1-year low of $32.64 and a 1-year high of $55.19. The stock's fifty day simple moving average is $35.30 and its 200 day simple moving average is $42.03. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The stock has a market cap of $18.07 billion, a PE ratio of 8.28 and a beta of -0.02.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.09). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the company posted $1.12 EPS. The firm's revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that General Mills, Inc. will post 3.43 earnings per share for the current year.

Insiders Place Their Bets

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the company's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the transaction, the insider directly owned 62,283 shares of the company's stock, valued at $2,148,763.50. This represents a 11.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the transaction, the insider directly owned 86,002 shares in the company, valued at approximately $2,947,288.54. This represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on GIS shares. Stifel Nicolaus lowered their price target on General Mills from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, April 21st. UBS Group lowered their price target on General Mills from $40.00 to $35.00 and set a "sell" rating on the stock in a research report on Thursday, March 19th. TD Cowen lowered their price target on General Mills from $45.00 to $37.00 and set a "hold" rating on the stock in a research report on Thursday, March 19th. Barclays lowered their price target on General Mills from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, May 11th. Finally, Mizuho dropped their price target on General Mills from $47.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $41.78.

General Mills 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.

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