Twin Capital Management Inc. Has $2.01 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Twin Capital Management Inc. decreased its position in General Mills, Inc. (NYSE:GIS) by 2.8% during the 4th quarter, HoldingsChannel reports. The fund owned 30,891 shares of the company’s stock after selling 892 shares during the quarter. Twin Capital Management Inc.’s holdings in General Mills were worth $2,012,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GIS. Moneta Group Investment Advisors LLC raised its stake in General Mills by 123,599.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,076,005 shares of the company’s stock valued at $928,723,000 after acquiring an additional 11,067,051 shares during the period. Norges Bank bought a new stake in shares of General Mills during the 4th quarter worth $382,081,000. Price T Rowe Associates Inc. MD lifted its position in shares of General Mills by 101.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,935,085 shares of the company’s stock worth $592,673,000 after buying an additional 3,496,741 shares during the last quarter. Nordea Investment Management AB raised its position in General Mills by 48.7% in the third quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after purchasing an additional 1,654,111 shares during the last quarter. Finally, Morgan Stanley raised its position in General Mills by 14.6% in the fourth quarter. Morgan Stanley now owns 8,249,549 shares of the company’s stock valued at $691,725,000 after purchasing an additional 1,051,169 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 7,671 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the transaction, the insider now directly owns 102,924 shares in the company, valued at approximately $6,602,574.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jonathon Nudi sold 7,671 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the transaction, the insider now directly owns 102,924 shares in the company, valued at approximately $6,602,574.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the transaction, the chief executive officer now owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The disclosure for this sale can be found here. In the last three months, insiders sold 77,782 shares of company stock worth $5,057,820. 0.24% of the stock is currently owned by corporate insiders.

General Mills Price Performance

General Mills stock opened at $69.09 on Friday. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89. The business has a 50-day simple moving average of $66.69 and a 200 day simple moving average of $65.24. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The stock has a market cap of $39.24 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.36 and a beta of 0.15.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, research analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Tuesday, April 9th. General Mills’s payout ratio is currently 54.13%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GIS shares. Citigroup assumed coverage on General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective for the company. Bank of America lifted their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. HSBC lifted their price target on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Mizuho lifted their price target on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Wells Fargo & Company boosted their target price 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. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.