Candriam Luxembourg S.C.A. Buys 8,013 Shares of General Mills, Inc. (GIS)

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Candriam Luxembourg S.C.A. lifted its stake in General Mills, Inc. (NYSE:GIS) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 173,506 shares of the company’s stock after acquiring an additional 8,013 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in General Mills were worth $6,756,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GIS. Acima Private Wealth LLC acquired a new stake in General Mills in the fourth quarter valued at $29,000. We Are One Seven LLC acquired a new stake in General Mills in the fourth quarter valued at $30,000. Legacy Financial Advisors Inc. raised its stake in General Mills by 80.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,294 shares of the company’s stock valued at $50,000 after buying an additional 576 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in General Mills by 25.4% in the third quarter. Cornerstone Advisors Inc. now owns 1,387 shares of the company’s stock valued at $60,000 after buying an additional 281 shares in the last quarter. Finally, G&S Capital LLC raised its stake in General Mills by 27.8% in the fourth quarter. G&S Capital LLC now owns 1,403 shares of the company’s stock valued at $55,000 after buying an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 68.19% of the company’s stock.

GIS has been the topic of a number of analyst reports. Credit Suisse Group cut their price target on General Mills from $46.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, December 20th. Jefferies Financial Group set a $55.00 target price on General Mills and gave the stock a “buy gis” rating in a research report on Monday, December 24th. Deutsche Bank upgraded General Mills from a “hold” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $54.00 in a research report on Thursday, March 14th. Morgan Stanley set a $41.00 target price on General Mills and gave the stock a “hold” rating in a research report on Friday, December 21st. Finally, Bank of America reiterated a “neutral” rating and set a $45.00 target price (down previously from $49.00) on shares of General Mills in a research report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $49.45.

In related news, CFO Donal L. Mulligan sold 120,722 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $47.50, for a total value of $5,734,295.00. Following the transaction, the chief financial officer now owns 252,326 shares in the company, valued at approximately $11,985,485. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Kerry Clark sold 7,849 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $44.26, for a total value of $347,396.74. Following the completion of the transaction, the director now owns 30,215 shares in the company, valued at approximately $1,337,315.90. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

GIS opened at $50.04 on Friday. The stock has a market cap of $28.82 billion, a PE ratio of 15.19, a PEG ratio of 2.13 and a beta of 0.77. General Mills, Inc. has a one year low of $36.42 and a one year high of $50.19. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.36 and a current ratio of 0.55.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.14. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.21 billion. General Mills had a return on equity of 28.11% and a net margin of 9.26%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. As a group, equities research analysts anticipate that General Mills, Inc. will post 3.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) is presently 63.02%.

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General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

Read More: Quiet Period Expirations

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).

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

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