56,930 Shares in General Mills, Inc. $GIS Bought by Virtu Financial LLC

Virtu Financial LLC bought a new stake in General Mills, Inc. (NYSE:GIS) during the fourth quarter, HoldingsChannel reports. The firm bought 56,930 shares of the company’s stock, valued at approximately $2,647,000.

A number of other institutional investors have also made changes to their positions in GIS. Marshall Wace LLP bought a new position in shares of General Mills in the second quarter worth $9,188,000. Bank of Nova Scotia grew its position in General Mills by 4.1% during the 2nd quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock worth $3,374,000 after acquiring an additional 2,552 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of General Mills by 112.6% in the second quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock valued at $465,000 after buying an additional 4,752 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of General Mills by 4.9% during the second quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after acquiring an additional 3,814 shares during the last quarter. Finally, Nebula Research & Development LLC increased its stake in shares of General Mills by 334.2% in the second quarter. Nebula Research & Development LLC now owns 19,542 shares of the company’s stock valued at $1,012,000 after buying an additional 15,041 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Trading Down 0.0%

NYSE GIS opened at $33.41 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $17.83 billion, a P/E ratio of 8.17 and a beta of -0.03. The business has a fifty day simple moving average of $34.17 and a 200 day simple moving average of $40.53. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $54.18.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the prior year, the company earned $1.12 EPS. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts predict that General Mills, Inc. will post 3.42 EPS for the current fiscal year.

Insider Transactions at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares in the company, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. This represents a 11.38% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the subject of several recent analyst reports. TD Cowen decreased their target price on General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. Bank of America dropped their price objective on shares of General Mills from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. Barclays reduced their price objective on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. BTIG Research started coverage on shares of General Mills in a research report on Monday, April 13th. They set a “neutral” rating for the company. Finally, Mizuho lowered their target price on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, General Mills currently has a consensus rating of “Reduce” and an average target price of $39.39.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.