Insight Folios Inc Acquires 4,527 Shares of General Mills, Inc. (NYSE:GIS)

Insight Folios Inc boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 5.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 89,454 shares of the company’s stock after buying an additional 4,527 shares during the quarter. General Mills accounts for approximately 2.5% of Insight Folios Inc’s portfolio, making the stock its 22nd biggest holding. Insight Folios Inc’s holdings in General Mills were worth $6,259,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GIS. Norges Bank bought a new stake in General Mills during the fourth quarter valued at approximately $377,205,000. Massachusetts Financial Services Co. MA grew its position in General Mills by 106.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock valued at $224,254,000 after buying an additional 1,778,345 shares during the period. American Century Companies Inc. grew its position in General Mills by 257.7% during the third quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock valued at $67,954,000 after buying an additional 765,070 shares during the period. LSV Asset Management boosted its position in shares of General Mills by 165.6% in the fourth quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock worth $68,381,000 after purchasing an additional 654,550 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of General Mills by 6,893.6% in the fourth quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock worth $33,361,000 after purchasing an additional 504,816 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GIS has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Evercore ISI dropped their price target on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research report on Friday, June 28th. TD Cowen upped their price target on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Bank of America dropped their price target on shares of General Mills from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $70.00.

General Mills Price Performance

GIS stock traded down $0.09 during trading on Thursday, hitting $63.08. 2,521,769 shares of the company’s stock traded hands, compared to its average volume of 4,734,770. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $77.63. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65. The business has a fifty day simple moving average of $68.03 and a 200 day simple moving average of $66.68. The stock has a market capitalization of $35.21 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 3.56 and a beta of 0.09.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.99 by $0.02. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the business earned $1.12 earnings per share. General Mills’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts expect that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, July 10th. This represents a $2.40 annualized dividend and a yield of 3.80%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is 54.76%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the completion of the transaction, the insider now owns 17,397 shares in the company, valued at $1,227,706.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

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.