General Mills, Inc. (NYSE:GIS) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 221,413 shares of the company’s stock after acquiring an additional 3,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in General Mills were worth $14,120,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills during the fourth quarter worth $26,000. Bank of Jackson Hole Trust acquired a new stake in General Mills during the 4th quarter worth about $34,000. Planning Capital Management Corp grew its position in General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of General Mills during the 4th quarter valued at about $38,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of General Mills by 150.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 653 shares of the company’s stock valued at $42,000 after buying an additional 392 shares during the period. 75.71% of the stock is owned by hedge funds and other 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 that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

General Mills Trading Up 1.2 %

Shares of General Mills stock opened at $59.99 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The firm 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 price is $60.55 and its 200 day moving average price is $66.33.

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

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.00%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Ratings Changes

GIS has been the topic of several analyst reports. Barclays dropped their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Piper Sandler dropped their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus cut their target price on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Mizuho lowered their price target on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.06.

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.