General Mills, Inc. (NYSE:GIS) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp lifted its holdings in General Mills, Inc. (NYSE:GISFree Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,059 shares of the company’s stock after purchasing an additional 652 shares during the period. Fifth Third Bancorp’s holdings in General Mills were worth $3,912,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of General Mills by 123,599.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,076,005 shares of the company’s stock worth $928,723,000 after acquiring an additional 11,067,051 shares during the period. Norges Bank purchased a new position in shares of General Mills during the 4th quarter worth about $382,081,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of General Mills by 101.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,935,085 shares of the company’s stock worth $592,673,000 after acquiring an additional 3,496,741 shares during the period. Nordea Investment Management AB lifted its holdings in shares of General Mills by 48.7% during the 3rd quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock worth $325,728,000 after acquiring an additional 1,654,111 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of General Mills by 14.6% during the 4th quarter. Morgan Stanley now owns 8,249,549 shares of the company’s stock worth $691,725,000 after acquiring an additional 1,051,169 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GIS. HSBC increased their price objective on shares of General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Evercore ISI dropped their target price on shares of General Mills from $75.00 to $72.00 and set an “in-line” rating for the company in a research report on Monday, December 11th. Piper Sandler dropped their target price on shares of General Mills from $77.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, December 15th. Mizuho increased their target price on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.18.

Read Our Latest Research Report on GIS

Insiders Place Their Bets

In other news, insider Jonathon Nudi sold 7,671 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $64.15, for a total transaction of $492,094.65. Following the completion of the transaction, the insider now owns 102,924 shares of the company’s stock, valued at $6,602,574.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the completion of the transaction, the chief executive officer now owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathon Nudi sold 7,671 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $64.15, for a total transaction of $492,094.65. Following the transaction, the insider now directly owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The disclosure for this sale can be found here. Insiders sold a total of 77,782 shares of company stock valued at $5,057,820 over the last 90 days. 0.24% of the stock is owned by company insiders.

General Mills Stock Up 0.6 %

Shares of NYSE:GIS opened at $70.57 on Wednesday. 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 fifty day simple moving average of $65.55 and a 200 day simple moving average of $64.91. The firm has a market cap of $40.08 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.15. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89.

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

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 54.13%.

About General Mills

(Free Report)

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.

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

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