Quantinno Capital Management LP Acquires 185,248 Shares of General Mills, Inc. (NYSE:GIS)

Quantinno Capital Management LP grew its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 553.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 218,711 shares of the company's stock after purchasing an additional 185,248 shares during the quarter. Quantinno Capital Management LP's holdings in General Mills were worth $13,947,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GIS. Endeavor Private Wealth Inc. purchased a new stake in General Mills in the fourth quarter worth $26,000. CBIZ Investment Advisory Services LLC purchased a new stake in General Mills in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Mills in the fourth quarter worth $31,000. VSM Wealth Advisory LLC purchased a new stake in General Mills in the fourth quarter worth $32,000. Finally, Transce3nd LLC purchased a new stake in General Mills in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

Insider Activity

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock.

General Mills Stock Up 1.4%

Shares of NYSE:GIS traded up $0.74 on Friday, hitting $55.14. 3,904,014 shares of the company traded hands, compared to its average volume of 4,498,314. General Mills, Inc. has a 52 week low of $52.93 and a 52 week 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 50 day simple moving average of $57.43 and a 200-day simple moving average of $60.81. The company has a market cap of $30.39 billion, a PE ratio of 11.99, a PEG ratio of 1.94 and a beta of 0.05.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate 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 earnings per share. The company's revenue was down 5.1% on a year-over-year basis. As a group, research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of research analyst reports. 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. Stifel Nicolaus dropped their price target on General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Barclays dropped their price target on General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. decreased their price objective on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, General Mills currently has a consensus rating of "Hold" and a consensus target price of $64.69.

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.