General Mills, Inc. (NYSE:GIS) Shares Sold by TIAA Trust National Association

TIAA Trust National Association lessened its stake in General Mills, Inc. (NYSE:GISFree Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,208 shares of the company’s stock after selling 1,329 shares during the quarter. TIAA Trust National Association’s holdings in General Mills were worth $3,010,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FWL Investment Management LLC acquired a new stake in General Mills during the fourth quarter worth $25,000. Operose Advisors LLC increased its stake in General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares during the last quarter. Intrepid Capital Management Inc. acquired a new stake in General Mills during the second quarter worth $28,000. Bruce G. Allen Investments LLC acquired a new stake in General Mills during the fourth quarter worth $28,000. Finally, Almanack Investment Partners LLC. acquired a new stake in General Mills during the third quarter worth $28,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of several recent analyst reports. HSBC raised their target price on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $72.00 price objective on shares of General Mills in a research note on Thursday, March 21st. Wells Fargo & Company lifted their price objective on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Morgan Stanley lifted their price objective on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Finally, TD Cowen lifted their price objective on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, General Mills currently has an average rating of “Hold” and an average price target of $72.18.

Get Our Latest Research Report on General Mills

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the completion of the sale, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the sale, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The disclosure for this sale can be found here. Insiders sold 77,782 shares of company stock valued at $5,057,820 in the last ninety days. Insiders own 0.24% of the company’s stock.

General Mills Trading Up 0.6 %

NYSE:GIS opened at $70.57 on Wednesday. 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. 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 stock has a fifty day moving average price of $65.55 and a 200 day moving average price of $64.91. 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 announced 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 company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. General Mills’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. Sell-side analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.59 per share. 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 (DPR) is 54.13%.

General Mills Company Profile

(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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