Freestone Grove Partners LP Acquires New Position in General Mills, Inc. (NYSE:GIS)

Freestone Grove Partners LP purchased a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 505,124 shares of the company's stock, valued at approximately $32,212,000. Freestone Grove Partners LP owned 0.09% of General Mills as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of GIS. Barclays PLC lifted its holdings in General Mills by 1.2% in the third quarter. Barclays PLC now owns 1,634,280 shares of the company's stock valued at $120,691,000 after acquiring an additional 19,290 shares during the period. Bard Financial Services Inc. increased its stake in shares of General Mills by 0.6% in the 3rd quarter. Bard Financial Services Inc. now owns 108,475 shares of the company's stock valued at $8,011,000 after purchasing an additional 700 shares in the last quarter. World Investment Advisors LLC acquired a new position in General Mills in the 3rd quarter worth about $403,000. Wilmington Savings Fund Society FSB grew its holdings in General Mills by 138.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 37,487 shares of the company's stock valued at $2,768,000 after purchasing an additional 21,790 shares during the period. Finally, Optimist Retirement Group LLC increased its position in shares of General Mills by 19.0% in the third quarter. Optimist Retirement Group LLC now owns 28,362 shares of the company's stock valued at $2,095,000 after buying an additional 4,528 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

Insider Activity at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction that occurred 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 sale, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by insiders.

General Mills Trading Down 0.3 %

NYSE:GIS traded down $0.16 on Friday, hitting $55.42. The stock had a trading volume of 3,512,083 shares, compared to its average volume of 4,414,826. The company has a fifty day moving average price of $58.90 and a two-hundred day moving average price of $61.80. General Mills, Inc. has a 1-year low of $55.01 and a 1-year high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The stock has a market cap of $30.55 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 1.94 and a beta of 0.15.

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

Analysts Set New Price Targets

GIS has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. Barclays dropped their target price on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Wells Fargo & Company reduced their price target 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. Citigroup decreased their price target on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, Mizuho cut their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, General Mills has a consensus rating of "Hold" and an average price target of $65.00.

About General Mills

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.