Forsta AP Fonden Sells 42,000 Shares of General Mills, Inc. (NYSE:GIS)

Forsta AP Fonden decreased its position in shares of General Mills, Inc. (NYSE:GIS) by 17.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,800 shares of the company’s stock after selling 42,000 shares during the quarter. Forsta AP Fonden’s holdings in General Mills were worth $11,713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coastline Trust Co increased its holdings in shares of General Mills by 0.4% during the third quarter. Coastline Trust Co now owns 40,235 shares of the company’s stock valued at $2,407,000 after acquiring an additional 160 shares in the last quarter. NBT Bank N A NY increased its holdings in shares of General Mills by 0.9% during the third quarter. NBT Bank N A NY now owns 18,675 shares of the company’s stock valued at $1,117,000 after acquiring an additional 162 shares in the last quarter. Van Cleef Asset Management Inc increased its holdings in shares of General Mills by 2.3% during the second quarter. Van Cleef Asset Management Inc now owns 7,459 shares of the company’s stock valued at $455,000 after acquiring an additional 168 shares in the last quarter. Stonehearth Capital Management LLC increased its holdings in shares of General Mills by 4.4% during the third quarter. Stonehearth Capital Management LLC now owns 4,041 shares of the company’s stock valued at $242,000 after acquiring an additional 169 shares in the last quarter. Finally, Kistler Tiffany Companies LLC increased its holdings in shares of General Mills by 9.6% during the third quarter. Kistler Tiffany Companies LLC now owns 1,951 shares of the company’s stock valued at $117,000 after acquiring an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Shares of NYSE:GIS opened at $68.90 on Friday. The company has a market capitalization of $41.56 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 2.41 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.62. The business has a fifty day moving average price of $65.22 and a two-hundred day moving average price of $61.75. General Mills, Inc. has a 1 year low of $54.31 and a 1 year high of $69.68.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Tuesday, December 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.06). General Mills had a net margin of 12.02% and a return on equity of 23.58%. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the company earned $1.06 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that General Mills, Inc. will post 3.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 1st. Stockholders of record on Friday, December 10th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, January 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.96%. General Mills’s dividend payout ratio is presently 56.20%.

Several equities research analysts recently issued reports on GIS shares. Citigroup upped their price target on General Mills from $70.00 to $73.00 and gave the stock an “action list buy” rating in a report on Wednesday, December 22nd. Jefferies Financial Group started coverage on General Mills in a report on Wednesday, December 22nd. They set a “hold” rating and a $65.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price target on General Mills from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, December 13th. Zacks Investment Research downgraded General Mills from a “buy” rating to a “hold” rating and set a $67.00 price target for the company. in a report on Friday, November 26th. Finally, Evercore ISI reiterated a “hold” rating and set a $65.00 price target on shares of General Mills in a report on Thursday, December 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.80.

In other news, insider Sean N. Walker sold 4,894 shares of the company’s stock in a transaction on Wednesday, October 20th. The stock was sold at an average price of $62.76, for a total transaction of $307,147.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark A. Pallot sold 1,410 shares of the stock in a transaction dated Monday, January 10th. The stock was sold at an average price of $69.31, for a total value of $97,727.10. The disclosure for this sale can be found here. Insiders have sold a total of 82,192 shares of company stock worth $5,437,448 in the last ninety days. Insiders own 0.53% of the company’s stock.

About General Mills

General Mills, Inc engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail, Europe & Australia, Convenience Stores & Foodservice, Pet and Asia & Latin America. The North America Retail segment includes grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains and e-commerce grocery providers.

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

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