Mn Services Vermogensbeheer B.V. Grows Stock Holdings in General Mills, Inc. (NYSE:GIS)

Mn Services Vermogensbeheer B.V. boosted its holdings in General Mills, Inc. (NYSE:GIS) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 221,413 shares of the company’s stock after buying an additional 3,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in General Mills were worth $14,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Advisors Network LLC purchased a new position in General Mills in the 3rd quarter worth approximately $221,000. Pathway Financial Advisers LLC raised its position in shares of General Mills by 6.3% during the third quarter. Pathway Financial Advisers LLC now owns 7,216 shares of the company’s stock valued at $533,000 after buying an additional 427 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of General Mills by 1.2% in the third quarter. First Trust Direct Indexing L.P. now owns 29,877 shares of the company’s stock worth $2,206,000 after buying an additional 340 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of General Mills by 7.5% during the third quarter. Pinnacle Associates Ltd. now owns 94,442 shares of the company’s stock worth $6,975,000 after acquiring an additional 6,577 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in General Mills by 367.0% during the third quarter. JFS Wealth Advisors LLC now owns 6,590 shares of the company’s stock valued at $487,000 after acquiring an additional 5,179 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

General Mills Trading Up 1.2 %

GIS stock opened at $59.99 on Friday. The company has a market capitalization of $33.07 billion, a PE ratio of 13.04, a P/E/G ratio of 1.94 and a beta of 0.10. The firm’s 50-day moving average is $60.55 and its 200 day moving average is $66.33. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

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

General Mills Dividend Announcement

The firm also recently declared 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. This represents a $2.40 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.17%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft decreased their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Barclays dropped their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Citigroup reduced their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, TD Cowen lowered their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. One 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. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus target price of $69.06.

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.