General Mills, Inc. (NYSE:GIS) Shares Sold by National Pension Service

National Pension Service lowered its position in General Mills, Inc. (NYSE:GIS) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 884,505 shares of the company’s stock after selling 462,089 shares during the period. National Pension Service owned about 0.16% of General Mills worth $56,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC lifted its position in General Mills by 17.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 5,602 shares of the company’s stock valued at $357,000 after purchasing an additional 844 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of General Mills by 32.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 25,566 shares of the company’s stock valued at $1,630,000 after acquiring an additional 6,203 shares during the period. Vaughan David Investments LLC IL lifted its position in shares of General Mills by 1.3% during the 4th quarter. Vaughan David Investments LLC IL now owns 533,322 shares of the company’s stock valued at $34,010,000 after acquiring an additional 7,020 shares during the period. Bank of New York Mellon Corp lifted its position in shares of General Mills by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,004,777 shares of the company’s stock valued at $255,385,000 after acquiring an additional 207,346 shares during the period. Finally, Pine Valley Investments Ltd Liability Co lifted its position in shares of General Mills by 32.5% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 56,392 shares of the company’s stock valued at $3,596,000 after acquiring an additional 13,827 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Mizuho reduced their price target on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. 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 research report on Thursday, December 19th. Stifel Nicolaus dropped their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Piper Sandler dropped their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.06.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Up 1.2 %

Shares of GIS opened at $59.99 on Friday. 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 firm has a market cap of $33.07 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. The company’s fifty day moving average is $60.55 and its two-hundred day moving average is $66.33. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.00%. General Mills’s dividend payout ratio is currently 52.17%.

About General Mills

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.