General Mills, Inc. (GIS) is Nepsis Inc.’s 9th Largest Position

Nepsis Inc. lifted its position in General Mills, Inc. (NYSE:GIS) by 4.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 155,517 shares of the company’s stock after acquiring an additional 6,558 shares during the period. General Mills accounts for 4.2% of Nepsis Inc.’s investment portfolio, making the stock its 9th biggest holding. Nepsis Inc.’s holdings in General Mills were worth $8,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Advisors LLC purchased a new stake in General Mills in the first quarter valued at $31,000. Acima Private Wealth LLC purchased a new stake in General Mills in the fourth quarter valued at $29,000. We Are One Seven LLC purchased a new stake in General Mills in the fourth quarter valued at $30,000. Sageworth Trust Co purchased a new stake in General Mills in the first quarter valued at $49,000. Finally, BDO Wealth Advisors LLC purchased a new stake in General Mills in the fourth quarter valued at $37,000. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

GIS has been the topic of several recent research reports. TheStreet raised shares of General Mills from a “c+” rating to a “b-” rating in a report on Friday, March 15th. Deutsche Bank raised shares of General Mills from a “hold” rating to a “buy” rating and upped their price target for the company from $43.00 to $54.00 in a report on Thursday, March 14th. Guggenheim reaffirmed a “buy” rating on shares of General Mills in a report on Tuesday, February 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of General Mills in a report on Wednesday, March 20th. Finally, Morgan Stanley increased their target price on shares of General Mills from $41.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.91.

GIS stock opened at $51.09 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.35 and a current ratio of 0.55. General Mills, Inc. has a 52-week low of $36.42 and a 52-week high of $52.17. The stock has a market cap of $30.59 billion, a PE ratio of 16.43, a PEG ratio of 2.17 and a beta of 0.78.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 20th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $4.21 billion. During the same period in the prior year, the company posted $0.79 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts forecast that General Mills, Inc. will post 3.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s payout ratio is currently 63.02%.

In related news, insider John R. Church sold 4,719 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 34,112 shares in the company, valued at approximately $1,732,207.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jodi J. Benson sold 5,054 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $50.51, for a total transaction of $255,277.54. Following the transaction, the insider now owns 38,212 shares of the company’s stock, valued at approximately $1,930,088.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 452,071 shares of company stock valued at $22,112,181. Insiders own 0.59% of the company’s stock.

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General Mills 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.

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

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