General Mills, Inc. $GIS Position Lessened by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its position in shares of General Mills, Inc. (NYSE:GISFree Report) by 27.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,456 shares of the company’s stock after selling 31,524 shares during the period. Boston Trust Walden Corp’s holdings in General Mills were worth $4,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GIS. Charles Schwab Investment Management Inc. increased its stake in shares of General Mills by 434.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock worth $1,138,473,000 after purchasing an additional 15,480,835 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of General Mills by 8.1% during the 1st quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company’s stock worth $589,814,000 after purchasing an additional 741,432 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of General Mills by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,161,951 shares of the company’s stock worth $428,213,000 after purchasing an additional 315,375 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of General Mills by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,986,128 shares of the company’s stock worth $417,674,000 after purchasing an additional 634,393 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of General Mills by 6.9% during the 1st quarter. Invesco Ltd. now owns 6,403,879 shares of the company’s stock worth $382,888,000 after purchasing an additional 414,768 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the transaction, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

General Mills Price Performance

NYSE GIS opened at $47.80 on Thursday. General Mills, Inc. has a twelve month low of $47.71 and a twelve month high of $71.48. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.40 and a current ratio of 0.66. The stock has a market capitalization of $25.49 billion, a PE ratio of 9.03, a P/E/G ratio of 1.22 and a beta of -0.03. The stock has a 50-day simple moving average of $49.72 and a 200 day simple moving average of $52.53.

General Mills (NYSE:GISGet Free Report) last posted its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. The firm’s revenue was down 6.8% compared to the same quarter last year. Research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, October 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.1%. General Mills’s payout ratio is presently 46.12%.

Analyst Upgrades and Downgrades

GIS has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating on the stock in a research note on Monday, September 15th. Bank of America decreased their target price on General Mills from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. UBS Group decreased their target price on General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research report on Thursday, September 18th. Barclays decreased their target price on General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, September 19th. Finally, Bernstein Bank decreased their target price on General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, General Mills has a consensus rating of “Hold” and an average target price of $55.82.

Check Out Our Latest Analysis on GIS

General Mills 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.

Further Reading

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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