Voleon Capital Management LP Makes New Investment in General Mills, Inc. (NYSE:GIS)

Voleon Capital Management LP acquired a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 33,233 shares of the company's stock, valued at approximately $2,119,000.

Other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new stake in General Mills in the 4th quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Mills in the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in General Mills in the fourth quarter worth $31,000. Transce3nd LLC purchased a new stake in General Mills during the fourth quarter valued at $32,000. Finally, VSM Wealth Advisory LLC purchased a new stake in General Mills during the fourth quarter valued at $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 business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company's stock.

General Mills Trading Down 0.3 %

GIS traded down $0.16 during trading on Friday, hitting $55.42. 3,512,083 shares of the stock were exchanged, compared to its average volume of 4,414,826. 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 50 day simple moving average of $58.90 and a 200 day simple moving average of $61.80. The firm has a market cap of $30.55 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 1.94 and a beta of 0.15. General Mills, Inc. has a 1 year low of $55.01 and a 1 year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS 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 for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The business's revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

Wall Street Analysts Forecast Growth

GIS has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Barclays decreased their price target on General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Piper Sandler dropped their price objective on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their target price on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Finally, Morgan Stanley started coverage on shares of General Mills in a research note on Monday, March 24th. They set an "underweight" rating and a $53.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.