General Mills, Inc. (NYSE:GIS) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC reduced its holdings in General Mills, Inc. (NYSE:GIS) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,494 shares of the company’s stock after selling 2,569 shares during the period. Principle Wealth Partners LLC’s holdings in General Mills were worth $2,833,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GIS. Nordea Investment Management AB grew its holdings 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 period. American Century Companies Inc. boosted its stake in shares of General Mills by 257.7% in the third quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after acquiring an additional 765,070 shares during the last quarter. International Assets Investment Management LLC boosted its stake 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 acquiring an additional 504,816 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of General Mills by 55.9% in the third quarter. Canada Pension Plan Investment Board now owns 1,141,913 shares of the company’s stock worth $73,071,000 after acquiring an additional 409,588 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of General Mills by 40.7% in the third quarter. HighTower Advisors LLC now owns 1,315,744 shares of the company’s stock worth $84,207,000 after acquiring an additional 380,855 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jonathon Nudi sold 7,671 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65. Following the completion of the transaction, the insider now directly owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 17,726 shares of company stock valued at $1,187,811. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GIS shares. TD Cowen lifted their price target on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Bank of America lifted 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 issued a “neutral” rating and a $67.00 price target on the stock. Mizuho lifted their price target on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. lifted their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average price target of $72.18.

General Mills Trading Down 0.8 %

NYSE:GIS traded down $0.55 on Friday, reaching $70.83. The company’s stock had a trading volume of 4,170,378 shares, compared to its average volume of 3,758,869. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89. 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 firm has a market cap of $40.22 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 2.44 and a beta of 0.15. The stock has a 50 day moving average price of $67.65 and a 200 day moving average price of $65.60.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm posted $0.97 earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, equities analysts anticipate that General Mills, Inc. will post 4.51 EPS 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 paid a $0.59 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.33%. General Mills’s payout ratio is presently 54.13%.

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