Tdam USA Inc. Grows Holdings in General Mills, Inc. (GIS)

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Tdam USA Inc. boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,250 shares of the company’s stock after purchasing an additional 1,669 shares during the period. Tdam USA Inc.’s holdings in General Mills were worth $1,617,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GIS. Acima Private Wealth LLC acquired a new stake in General Mills during the fourth quarter worth approximately $29,000. We Are One Seven LLC purchased a new position in General Mills in the fourth quarter worth about $30,000. Legacy Advisors LLC purchased a new position in General Mills in the first quarter worth about $31,000. Certified Advisory Corp raised its holdings in General Mills by 100.9% in the first quarter. Certified Advisory Corp now owns 643 shares of the company’s stock worth $33,000 after buying an additional 323 shares during the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in shares of General Mills in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 69.22% of the company’s stock.

In other news, CFO Donal L. Mulligan sold 120,722 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $47.50, for a total value of $5,734,295.00. Following the sale, the chief financial officer now owns 252,326 shares of the company’s stock, valued at $11,985,485. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John R. Church sold 4,719 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $50.78, for a total transaction of $239,630.82. Following the completion of the sale, the insider now directly owns 34,112 shares in the company, valued at approximately $1,732,207.36. The disclosure for this sale can be found here. In the last three months, insiders sold 444,222 shares of company stock worth $21,764,784. Insiders own 0.59% of the company’s stock.

Several brokerages recently issued reports on GIS. Deutsche Bank upgraded shares of General Mills from a “hold” rating to a “buy” rating and boosted their target price for the company from $43.00 to $54.00 in a research report on Thursday, March 14th. ValuEngine raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Friday, March 15th. TheStreet raised shares of General Mills from a “c+” rating to a “b-” rating in a report on Friday, March 15th. Wells Fargo & Co upped their price target on shares of General Mills from $48.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price target on shares of General Mills in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.16.

General Mills stock traded down $0.18 during mid-day trading on Tuesday, reaching $52.53. 74,944 shares of the company’s stock traded hands, compared to its average volume of 4,453,236. The company has a market cap of $31.38 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 2.38 and a beta of 0.77. The company has a quick ratio of 0.35, a current ratio of 0.55 and a debt-to-equity ratio of 1.61. General Mills, Inc. has a 12-month low of $36.42 and a 12-month high of $53.00.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.14. General Mills had a net margin of 9.26% and a return on equity of 28.11%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that General Mills, Inc. will post 3.14 earnings per share for the current fiscal year.

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About General Mills

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.

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

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