General Mills, Inc. (NYSE:GIS) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in General Mills, Inc. (NYSE:GIS) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,826 shares of the company’s stock after acquiring an additional 466 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Mills were worth $1,031,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GIS. FWL Investment Management LLC acquired a new position in General Mills in the fourth quarter valued at approximately $25,000. Operose Advisors LLC lifted its holdings in General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after acquiring an additional 274 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in General Mills during the fourth quarter worth $28,000. Almanack Investment Partners LLC. acquired a new position in General Mills during the third quarter worth $28,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in General Mills during the third quarter worth $31,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Mills

In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction dated Wednesday, January 24th. The shares were 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 owns 318,483 shares in the company, valued at $20,523,044.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Jonathon Nudi sold 7,671 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the sale, the insider now owns 102,924 shares in the company, valued at $6,602,574.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were 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 owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,782 shares of company stock worth $5,057,820. Company insiders own 0.24% of the company’s stock.

General Mills Stock Performance

NYSE:GIS opened at $68.82 on Thursday. The firm has a market capitalization of $39.08 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 2.34 and a beta of 0.15. The business’s fifty day moving average price is $66.59 and its 200 day moving average price is $65.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.43%. General Mills’s dividend payout ratio (DPR) is 54.13%.

Wall Street Analysts Forecast Growth

GIS has been the topic of a number of research reports. Morgan Stanley upped their price target on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Bank of America upped their price target on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. upped their price target on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Citigroup started coverage on General Mills in a research note on Thursday, February 1st. They set a “neutral” rating and a $67.00 price target on the stock. Finally, Mizuho increased their price objective on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $72.18.

General Mills Company 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.