Optimal Asset Management Inc. boosted its holdings in General Mills, Inc. (NYSE:GIS) by 69.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,829 shares of the company’s stock after buying an additional 14,627 shares during the quarter. Optimal Asset Management Inc.’s holdings in General Mills were worth $1,891,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. State of Tennessee Treasury Department raised its position in General Mills by 44.3% in the 1st quarter. State of Tennessee Treasury Department now owns 207,744 shares of the company’s stock worth $10,963,000 after buying an additional 63,756 shares during the last quarter. National Pension Service increased its position in shares of General Mills by 2.2% during the 1st quarter. National Pension Service now owns 888,795 shares of the company’s stock valued at $46,902,000 after purchasing an additional 19,120 shares during the last quarter. Verus Capital Partners LLC increased its position in shares of General Mills by 32.0% during the 1st quarter. Verus Capital Partners LLC now owns 1,457 shares of the company’s stock valued at $77,000 after purchasing an additional 353 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of General Mills by 14.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 655,441 shares of the company’s stock valued at $34,588,000 after purchasing an additional 81,075 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of General Mills by 12.8% during the 1st quarter. Clearbridge Investments LLC now owns 16,700 shares of the company’s stock valued at $881,000 after purchasing an additional 1,900 shares during the last quarter. 70.64% of the stock is owned by institutional investors and hedge funds.

Shares of GIS traded down $0.28 during mid-day trading on Friday, hitting $60.05. 67,339 shares of the stock were exchanged, compared to its average volume of 4,683,034. The company has a market cap of $36.88 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.30 and a beta of 0.61. General Mills, Inc. has a 52-week low of $46.59 and a 52-week high of $64.31. The firm has a 50-day moving average of $61.27 and a two-hundred day moving average of $55.93. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.64.

In related news, insider Bethany C. Quam sold 13,729 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $54.20, for a total transaction of $744,111.80. Following the sale, the insider now owns 51,749 shares in the company, valued at approximately $2,804,795.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jodi J. Benson sold 3,744 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $57.25, for a total value of $214,344.00. Following the sale, the insider now owns 43,189 shares in the company, valued at approximately $2,472,570.25. The disclosure for this sale can be found here. Insiders have sold a total of 131,481 shares of company stock worth $7,707,593 over the last ninety days. Insiders own 0.52% of the company’s stock.

GIS has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of General Mills from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Thursday, March 19th. Wells Fargo & Co upped their price target on shares of General Mills from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Royal Bank of Canada upped their price target on shares of General Mills from $57.00 to $61.00 in a research report on Thursday, March 19th. BMO Capital Markets boosted their price objective on General Mills from $57.00 to $63.00 in a research note on Thursday, March 19th. Finally, ValuEngine downgraded General Mills from a “hold” rating to a “sell” rating in a research note on Monday, June 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $60.39.

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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