Landscape Capital Management L.L.C. Purchases 70,425 Shares of General Mills, Inc. $GIS

Landscape Capital Management L.L.C. grew its position in General Mills, Inc. (NYSE:GIS) by 72.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,475 shares of the company’s stock after purchasing an additional 70,425 shares during the period. Landscape Capital Management L.L.C.’s holdings in General Mills were worth $7,788,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LBP AM SA bought a new stake in General Mills during the fourth quarter worth about $2,639,000. Oak Thistle LLC bought a new stake in General Mills during the fourth quarter worth about $1,320,000. Robeco Institutional Asset Management B.V. raised its holdings in General Mills by 1,824.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock worth $41,628,000 after acquiring an additional 848,712 shares in the last quarter. Korea Investment CORP raised its holdings in General Mills by 161.9% during the third quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock worth $16,800,000 after acquiring an additional 205,981 shares in the last quarter. Finally, HF Advisory Group LLC raised its holdings in General Mills by 550.2% during the fourth quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock worth $3,681,000 after acquiring an additional 66,981 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

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

General Mills Price Performance

NYSE:GIS opened at $34.47 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The stock’s 50 day moving average price is $34.51 and its two-hundred day moving average price is $41.00. The firm has a market capitalization of $18.40 billion, a price-to-earnings ratio of 8.43 and a beta of -0.03. General Mills, Inc. has a 12-month low of $31.75 and a 12-month high of $55.13.

General Mills (NYSE:GIS) last released its quarterly earnings data 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 the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company earned $1.12 EPS. General Mills’s quarterly revenue was down 8.4% on a year-over-year basis. On average, analysts anticipate that General Mills, Inc. will post 3.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. TD Cowen lowered their price target on General Mills from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Morgan Stanley dropped their price objective on General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, June 5th. Mizuho dropped their price objective on General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Evercore set a $45.00 price objective on General Mills in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company dropped their price objective on General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat, General Mills presently has an average rating of “Reduce” and an average target price of $39.39.

General Mills Company 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.