Bbva Compass Bancshares Inc. Has $352,000 Position in General Mills, Inc. (GIS)

Bbva Compass Bancshares Inc. lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 10.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,798 shares of the company’s stock after selling 791 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in General Mills were worth $352,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. South Dakota Investment Council grew its position in General Mills by 7.6% during the first quarter. South Dakota Investment Council now owns 184,020 shares of the company’s stock worth $9,523,000 after buying an additional 13,020 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of General Mills by 8.7% in the 1st quarter. California Public Employees Retirement System now owns 2,495,386 shares of the company’s stock valued at $129,136,000 after purchasing an additional 199,956 shares in the last quarter. Smith Salley & Associates boosted its holdings in shares of General Mills by 10.1% in the 1st quarter. Smith Salley & Associates now owns 59,792 shares of the company’s stock valued at $3,094,000 after purchasing an additional 5,478 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in shares of General Mills by 10.0% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 11,890 shares of the company’s stock valued at $615,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of General Mills in the 1st quarter valued at $482,000. 69.22% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Donal L. Mulligan sold 120,722 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $47.50, for a total value of $5,734,295.00. Following the completion of the transaction, the chief financial officer now directly owns 252,326 shares in the company, valued at approximately $11,985,485. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John R. Church sold 4,719 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $50.78, for a total value of $239,630.82. Following the completion of the transaction, the insider now owns 34,112 shares of the company’s stock, valued at $1,732,207.36. The disclosure for this sale can be found here. Insiders sold a total of 444,222 shares of company stock valued at $21,764,784 over the last quarter. 0.59% of the stock is owned by corporate insiders.

GIS has been the topic of a number of research analyst reports. Deutsche Bank raised General Mills from a “hold” rating to a “buy” rating and raised their target price for the company from $43.00 to $54.00 in a report on Thursday, March 14th. ValuEngine raised General Mills from a “sell” rating to a “hold” rating in a report on Friday, March 15th. TheStreet raised General Mills from a “c+” rating to a “b-” rating in a report on Friday, March 15th. Wells Fargo & Co raised their target price on General Mills from $48.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, February 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of General Mills in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $49.91.

Shares of GIS opened at $52.41 on Thursday. General Mills, Inc. has a 52 week low of $36.42 and a 52 week high of $52.46. The firm has a market capitalization of $31.01 billion, a PE ratio of 16.85, a PEG ratio of 2.20 and a beta of 0.77. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.55 and a quick ratio of 0.35.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.14. General Mills had a return on equity of 28.11% and a net margin of 9.26%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the company earned $0.79 EPS. General Mills’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts expect that General Mills, Inc. will post 3.14 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.themarketsdaily.com/2019/05/16/bbva-compass-bancshares-inc-has-352000-position-in-general-mills-inc-gis.html.

General Mills Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

Featured Article: What is a Market Correction?

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.