Fjarde AP Fonden Fourth Swedish National Pension Fund Has $19.79 Million Position in General Mills, Inc. $GIS

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of General Mills, Inc. (NYSE:GISFree Report) by 64.6% during the first quarter, HoldingsChannel.com reports. The firm owned 531,728 shares of the company’s stock after acquiring an additional 208,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in General Mills were worth $19,791,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC purchased a new position in shares of General Mills during the 3rd quarter valued at $25,000. Reflection Asset Management acquired a new stake in General Mills during the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in General Mills during the fourth quarter valued at $26,000. Bruce G. Allen Investments LLC grew its stake in General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares in the last quarter. Finally, Zions Bancorporation National Association UT grew its stake in General Mills by 248.1% in the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after purchasing an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Key Headlines Impacting General Mills

Here are the key news stories impacting General Mills this week:

Insider Buying and Selling at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares in the company, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider owned 62,283 shares in the company, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.30% of the company’s stock.

General Mills Price Performance

NYSE:GIS opened at $37.50 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.36. General Mills, Inc. has a one year low of $31.75 and a one year high of $54.01. The company has a fifty day moving average price of $34.28 and a 200 day moving average price of $39.80. The stock has a market cap of $20.01 billion, a P/E ratio of -208.31 and a beta of -0.03.

General Mills (NYSE:GISGet Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Analysts anticipate that General Mills, Inc. will post 3.06 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, July 10th. General Mills’s payout ratio is currently -1,355.56%.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target on shares of General Mills in a research note on Tuesday, June 2nd. TD Cowen dropped their price objective on General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday. Piper Sandler cut their price objective on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, General Mills currently has a consensus rating of “Reduce” and an average target price of $39.00.

Check Out Our Latest Analysis on General Mills

General Mills Company Profile

(Free Report)

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

Further Reading

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GISFree Report).

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

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