General Mills, Inc. (GIS) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 1.1% during the first quarter, Holdings Channel reports. The institutional investor owned 1,311,300 shares of the company’s stock after buying an additional 13,800 shares during the period. Gabelli Funds LLC’s holdings in General Mills were worth $77,380,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GIS. Motley Fool Wealth Management LLC boosted its stake in shares of General Mills by 17.7% in the fourth quarter. Motley Fool Wealth Management LLC now owns 5,141 shares of the company’s stock worth $318,000 after buying an additional 774 shares during the period. Smith Moore & CO. boosted its stake in shares of General Mills by 0.4% in the fourth quarter. Smith Moore & CO. now owns 10,791 shares of the company’s stock worth $667,000 after buying an additional 40 shares during the period. Johnson Financial Group Inc. boosted its stake in shares of General Mills by 2.5% in the fourth quarter. Johnson Financial Group Inc. now owns 39,775 shares of the company’s stock worth $2,457,000 after buying an additional 960 shares during the period. JNBA Financial Advisors boosted its stake in shares of General Mills by 204.7% in the fourth quarter. JNBA Financial Advisors now owns 6,527 shares of the company’s stock worth $403,000 after buying an additional 4,385 shares during the period. Finally, Radnor Capital Management LLC acquired a new stake in shares of General Mills during the fourth quarter worth $287,000. 70.51% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Shares of General Mills, Inc. (NYSE GIS) opened at 57.12 on Tuesday. The firm has a market cap of $32.91 billion, a price-to-earnings ratio of 21.16 and a beta of 0.60. General Mills, Inc. has a 52 week low of $55.57 and a 52 week high of $72.95. The stock has a 50 day moving average of $56.95 and a 200-day moving average of $59.78. General Mills also saw unusually large options trading activity on Monday. Traders purchased 347 put options on the stock. This represents an increase of 122% compared to the average volume of 156 put options.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Tuesday, March 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.82 billion. General Mills had a net margin of 10.34% and a return on equity of 37.15%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Equities research analysts expect that General Mills, Inc. will post $3.05 earnings per share for the current year.

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A number of brokerages recently weighed in on GIS. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of General Mills in a research report on Sunday, March 12th. Sanford C. Bernstein cut shares of General Mills from a “market perform” rating to an “underperform” rating and set a $52.00 price target for the company. in a research report on Tuesday, March 21st. Stifel Nicolaus cut shares of General Mills from a “buy” rating to a “hold” rating and decreased their price target for the stock from $67.00 to $60.00 in a research report on Wednesday, March 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $67.00 price target on shares of General Mills in a research report on Wednesday, March 22nd. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $63.61.

In related news, insider Jonathon Nudi purchased 1,800 shares of the firm’s stock in a transaction on Wednesday, April 12th. The shares were bought at an average cost of $57.45 per share, for a total transaction of $103,410.00. Following the transaction, the insider now directly owns 34,077 shares of the company’s stock, valued at approximately $1,957,723.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GIS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).

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