Zweig DiMenna Associates LLC Buys Shares of 106,160 General Mills, Inc. $GIS

Zweig DiMenna Associates LLC bought a new stake in General Mills, Inc. (NYSE:GIS) during the fourth quarter, Holdings Channel.com reports. The firm bought 106,160 shares of the company’s stock, valued at approximately $4,936,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GIS. Marshall Wace LLP purchased a new stake in shares of General Mills in the 2nd quarter valued at $9,188,000. Bank of Nova Scotia raised its holdings in shares of General Mills by 4.1% in the 2nd quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock valued at $3,374,000 after buying an additional 2,552 shares during the period. WINTON GROUP Ltd raised its holdings in shares of General Mills by 112.6% in the 2nd 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 holdings in shares of General Mills by 4.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after buying an additional 3,814 shares during the period. Finally, Nebula Research & Development LLC raised its holdings in shares of General Mills by 334.2% in the 2nd 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. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. TD Cowen cut their price objective on General Mills from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. Evercore set a $45.00 price objective on General Mills in a report on Wednesday, February 18th. Piper Sandler cut their price objective on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. UBS Group cut their price objective on General Mills from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday, March 19th. Finally, Bank of America cut their price objective on General Mills from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $41.78.

Insider Activity

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the sale, the insider owned 86,002 shares in the company, valued at $2,947,288.54. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider owned 62,283 shares in the company, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.

General Mills Price Performance

Shares of NYSE GIS opened at $33.82 on Friday. The stock’s 50-day moving average is $35.22 and its two-hundred day moving average is $41.97. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. General Mills, Inc. has a 1-year low of $32.64 and a 1-year high of $55.19. The company has a market cap of $18.05 billion, a price-to-earnings ratio of 8.27 and a beta of -0.02.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the company earned $1.12 EPS. General Mills’s revenue for the quarter was down 8.4% compared to the same quarter last year. Analysts forecast that General Mills, Inc. will post 3.43 EPS for the current fiscal year.

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.