Boussard & Gavaudan Investment Management LLP Purchases Shares of 28,000 General Mills, Inc. (GIS)

Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,000 shares of the company’s stock, valued at approximately $1,446,000. General Mills comprises 0.0% of Boussard & Gavaudan Investment Management LLP’s holdings, making the stock its 17th biggest holding.

Other large investors have also recently bought and sold shares of the company. Actinver Wealth Management Inc. bought a new position in General Mills in the 4th quarter worth $991,000. Two Sigma Advisers LP grew its position in shares of General Mills by 24.1% in the 4th quarter. Two Sigma Advisers LP now owns 897,719 shares of the company’s stock worth $34,957,000 after buying an additional 174,157 shares during the period. Norges Bank purchased a new stake in shares of General Mills in the 4th quarter worth about $208,406,000. DNB Asset Management AS grew its position in shares of General Mills by 27.4% in the 1st quarter. DNB Asset Management AS now owns 110,514 shares of the company’s stock worth $5,719,000 after buying an additional 23,762 shares during the period. Finally, Stifel Financial Corp grew its position in shares of General Mills by 5.5% in the 4th quarter. Stifel Financial Corp now owns 1,864,294 shares of the company’s stock worth $72,721,000 after buying an additional 96,997 shares during the period. Institutional investors own 69.16% of the company’s stock.

In related news, CFO Donal L. Mulligan sold 120,722 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $47.50, for a total transaction of $5,734,295.00. Following the sale, the chief financial officer now directly owns 252,326 shares of the company’s stock, valued at approximately $11,985,485. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John R. Church sold 4,719 shares of the 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 sale, the insider now directly owns 34,112 shares in the company, valued at $1,732,207.36. The disclosure for this sale can be found here. Insiders have sold a total of 444,222 shares of company stock worth $21,764,784 over the last three months. 0.59% of the stock is currently owned by insiders.

GIS has been the topic of a number of recent research reports. ValuEngine raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Deutsche Bank raised shares of General Mills from a “hold” rating to a “buy” rating and upped their target price for the stock from $43.00 to $54.00 in a research report on Thursday, March 14th. TheStreet raised shares of General Mills from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. Standpoint Research downgraded shares of General Mills from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, Credit Suisse Group upped their target price on shares of General Mills from $43.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.91.

Shares of GIS stock opened at $51.45 on Tuesday. General Mills, Inc. has a one year low of $36.42 and a one year high of $52.17. The stock has a market cap of $30.65 billion, a P/E ratio of 16.09, a PEG ratio of 2.17 and a beta of 0.77. The company has a current ratio of 0.55, a quick ratio of 0.35 and a debt-to-equity ratio of 1.61.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.83 EPS 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 company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm posted $0.79 EPS. General Mills’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts forecast that General Mills, Inc. will post 3.14 EPS for the current year.

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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.

See Also: What Is An Exchange-Traded Fund (ETF)?

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

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