General Mills, Inc. (NYSE:GIS) Shares Bought by Norinchukin Bank The

Norinchukin Bank The increased its holdings in General Mills, Inc. (NYSE:GIS) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,116 shares of the company’s stock after buying an additional 1,645 shares during the period. Norinchukin Bank The’s holdings in General Mills were worth $1,538,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GIS. Vanguard Group Inc. grew its holdings in shares of General Mills by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company’s stock worth $4,376,573,000 after buying an additional 1,868,508 shares in the last quarter. Geode Capital Management LLC raised its holdings in General Mills by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company’s stock valued at $923,907,000 after acquiring an additional 136,895 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after purchasing an additional 3,058,414 shares during the period. Norges Bank acquired a new stake in shares of General Mills during the fourth quarter worth $496,484,000. Finally, Dimensional Fund Advisors LP grew its position in shares of General Mills by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,351,735 shares of the company’s stock valued at $405,035,000 after purchasing an additional 509,268 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Monday, March 17th. Mizuho reduced their price target on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company dropped their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Finally, Citigroup cut their target price on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.69.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Up 1.9 %

Shares of NYSE GIS opened at $57.52 on Monday. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The stock’s fifty day moving average is $59.48 and its 200 day moving average is $62.80. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The stock has a market capitalization of $31.71 billion, a P/E ratio of 12.50, a PEG ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Sell-side analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.17%. General Mills’s dividend payout ratio is 52.75%.

General Mills 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.