InterOcean Capital Group LLC Purchases 67,033 Shares of General Mills, Inc. (NYSE:GIS)

InterOcean Capital Group LLC increased its position in General Mills, Inc. (NYSE:GIS) by 49.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 202,302 shares of the company’s stock after purchasing an additional 67,033 shares during the quarter. InterOcean Capital Group LLC’s holdings in General Mills were worth $13,178,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GIS. Coldstream Capital Management Inc. raised its holdings in shares of General Mills by 4.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,115 shares of the company’s stock valued at $647,000 after purchasing an additional 429 shares during the period. Duality Advisers LP acquired a new position in General Mills in the 3rd quarter valued at about $532,000. Draper Asset Management LLC acquired a new position in General Mills in the 3rd quarter valued at about $238,000. Larson Financial Group LLC grew its stake in General Mills by 95.0% in the 3rd quarter. Larson Financial Group LLC now owns 2,449 shares of the company’s stock valued at $157,000 after buying an additional 1,193 shares during the last quarter. Finally, Berger Financial Group Inc grew its stake in General Mills by 101.9% in the 3rd quarter. Berger Financial Group Inc now owns 6,769 shares of the company’s stock valued at $433,000 after buying an additional 3,416 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GIS shares. Mizuho upped their price target on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a research note on Thursday, March 21st. Citigroup started coverage on shares of General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 target price on the stock. Barclays raised their target price on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Finally, Bank of America raised their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $72.06.

General Mills Price Performance

General Mills stock traded down $0.80 during mid-day trading on Tuesday, reaching $70.63. The company had a trading volume of 2,538,948 shares, compared to its average volume of 4,036,103. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $87.65. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The company has a market cap of $40.11 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.46 and a beta of 0.15. The business has a fifty day simple moving average of $69.44 and a 200 day simple moving average of $66.33.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

Insider Buying and Selling at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the transaction, the insider now owns 17,397 shares in the company, valued at $1,227,706.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The disclosure for this sale can be found here. Insiders have sold 10,765 shares of company stock worth $745,822 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

General Mills Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.