Forte Capital LLC ADV Acquires 456 Shares of General Mills, Inc. (NYSE:GIS)

Forte Capital LLC ADV grew its holdings in General Mills, Inc. (NYSE:GIS) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,983 shares of the company’s stock after purchasing an additional 456 shares during the period. Forte Capital LLC ADV’s holdings in General Mills were worth $1,823,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Nordea Investment Management AB increased its holdings in shares of General Mills by 48.7% during the third quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock worth $325,728,000 after buying an additional 1,654,111 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of General Mills by 257.7% during the third quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after purchasing an additional 765,070 shares during the last quarter. LSV Asset Management raised its holdings in General Mills by 165.6% in the 4th quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock valued at $68,381,000 after buying an additional 654,550 shares during the last quarter. International Assets Investment Management LLC boosted its position in General Mills by 6,893.6% during the 4th quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock worth $33,361,000 after buying an additional 504,816 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in General Mills by 55.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,141,913 shares of the company’s stock worth $73,071,000 after acquiring an additional 409,588 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.

General Mills Stock Performance

NYSE GIS traded down $0.74 during trading on Friday, hitting $69.91. 3,444,229 shares of the company’s stock traded hands, compared to its average volume of 3,869,986. The stock has a market capitalization of $39.70 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 2.41 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The business has a 50 day moving average of $68.16 and a 200-day moving average of $65.84. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. General Mills’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GIS shares. Citigroup assumed coverage on shares of General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective on the stock. Morgan Stanley raised their price objective on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. HSBC upped their target price on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Barclays boosted their price target on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Finally, Wells Fargo & Company increased their price objective on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.18.

General Mills Company Profile

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.