FORA Capital LLC Takes $1.96 Million Position in General Mills, Inc. (NYSE:GIS)

FORA Capital LLC purchased a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 30,748 shares of the company's stock, valued at approximately $1,961,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in General Mills in the fourth quarter valued at $26,000. CBIZ Investment Advisory Services LLC acquired a new position in General Mills in the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills in the fourth quarter valued at $31,000. Transce3nd LLC acquired a new position in General Mills in the fourth quarter valued at $32,000. Finally, VSM Wealth Advisory LLC acquired a new position in General Mills in the fourth quarter valued at $32,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GIS shares. Citigroup lowered their target price on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Piper Sandler cut their price target on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Morgan Stanley started coverage on shares of General Mills in a report on Monday, March 24th. They set an "underweight" rating and a $53.00 price target for the company. Finally, Bank of America reduced their price objective 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 analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $65.00.

General Mills Stock Performance

NYSE:GIS traded down $0.19 on Friday, reaching $54.52. 4,888,864 shares of the company's stock were exchanged, compared to its average volume of 4,450,207. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm has a market cap of $30.05 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 1.94 and a beta of 0.05. General Mills, Inc. has a 52 week low of $53.82 and a 52 week high of $75.90. The stock has a fifty day simple moving average of $58.30 and a 200-day simple moving average of $61.24.

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

Insider Transactions at General Mills

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

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.