General Mills, Inc. (NYSE:GIS) Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lifted its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 446.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 606,363 shares of the company's stock after acquiring an additional 495,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.11% of General Mills worth $38,668,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Endeavor Private Wealth Inc. purchased a new position in General Mills during the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Mills during the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Mills during the fourth quarter worth $31,000. VSM Wealth Advisory LLC acquired a new stake in General Mills during the fourth quarter valued at $32,000. Finally, Transce3nd LLC purchased 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

GIS has been the subject of several recent analyst reports. Citigroup cut their price target on General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Piper Sandler reduced their target price 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. Mizuho dropped 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. Morgan Stanley started coverage on shares of General Mills in a research report on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective for the company. Finally, UBS Group assumed coverage on shares of General Mills in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $54.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $65.00.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the 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 transaction, the chief executive officer now owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company's stock.

General Mills Trading Down 0.3 %

Shares of General Mills stock opened at $55.42 on Friday. The stock has a 50 day moving average of $58.90 and a 200 day moving average of $61.87. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The firm has a market capitalization 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, Inc. has a fifty-two week low of $55.01 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the company earned $1.17 EPS. The company's quarterly revenue was down 5.1% on a year-over-year basis. As a group, research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

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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