Nepsis Inc. Has $138.02 Million Holdings in General Mills, Inc. (NYSE:GIS)

Nepsis Inc. grew its holdings in General Mills, Inc. (NYSE:GIS) by 3,504.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,164,395 shares of the company’s stock after purchasing an additional 2,104,353 shares during the quarter. General Mills makes up 19.8% of Nepsis Inc.’s investment portfolio, making the stock its 2nd largest position. Nepsis Inc.’s holdings in General Mills were worth $138,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in shares of General Mills by 5.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,386 shares of the company’s stock worth $917,000 after buying an additional 706 shares during the period. Impact Partnership Wealth LLC bought a new stake in shares of General Mills during the 4th quarter worth $760,000. RFG Advisory LLC boosted its holdings in shares of General Mills by 2.6% during the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock worth $425,000 after buying an additional 172 shares during the period. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills during the 4th quarter worth $26,000. Finally, Mutual Advisors LLC boosted its holdings in shares of General Mills by 136.3% during the 4th quarter. Mutual Advisors LLC now owns 27,739 shares of the company’s stock worth $1,641,000 after buying an additional 15,998 shares during the period. 75.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays decreased their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Citigroup reduced their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and increased their price target for the company from $78.00 to $80.00 in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.94.

General Mills Trading Up 1.4 %

Shares of General Mills stock opened at $60.37 on Friday. The stock has a market capitalization of $33.28 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 3.70 and a beta of 0.11. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company has a 50-day simple moving average of $63.37 and a 200 day simple moving average of $67.40. General Mills, Inc. has a 12-month low of $57.94 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS. Research analysts expect that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

Insider Buying and Selling

In other General Mills news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

General Mills Company 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.