Oddo BHF Asset Management Sas Acquires 34,678 Shares of General Mills, Inc. $GIS

Oddo BHF Asset Management Sas raised its holdings in General Mills, Inc. (NYSE:GIS) by 28.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 154,968 shares of the company’s stock after purchasing an additional 34,678 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in General Mills were worth $7,206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GIS. Marshall Wace LLP bought a new stake in General Mills in the 2nd quarter valued at about $9,188,000. Bank of Nova Scotia boosted its holdings in 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 purchasing an additional 2,552 shares during the period. WINTON GROUP Ltd boosted its holdings in 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 purchasing an additional 4,752 shares during the period. Daiwa Securities Group Inc. boosted its holdings in 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 purchasing an additional 3,814 shares during the period. Finally, Nebula Research & Development LLC boosted its holdings in 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 purchasing an additional 15,041 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

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

General Mills Trading Down 0.7%

Shares of NYSE GIS opened at $34.27 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $54.18. The firm has a 50 day moving average price of $34.44 and a two-hundred day moving average price of $40.86. The stock has a market cap of $18.29 billion, a P/E ratio of 8.38 and a beta of -0.03.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (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 business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same quarter last year, the company posted $1.12 earnings per share. The company’s revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that General Mills, Inc. will post 3.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GIS. Morgan Stanley cut their price objective on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, June 5th. Evercore set a $45.00 price target on shares of General Mills in a report on Wednesday, February 18th. UBS Group cut their price target on shares of General Mills from $35.00 to $30.00 and set a “sell” rating for the company in a report on Tuesday, June 2nd. BTIG Research assumed coverage on shares of General Mills in a report on Monday, April 13th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of General Mills from $36.00 to $31.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $39.39.

General Mills Profile

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.