Asset Management One Co. Ltd. Sells 4,589 Shares of General Mills, Inc. (NYSE:GIS)

Asset Management One Co. Ltd. lessened its position in shares of General Mills, Inc. (NYSE:GIS) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,020 shares of the company’s stock after selling 4,589 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.06% of General Mills worth $22,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Good Life Advisors LLC lifted its holdings in shares of General Mills by 132.8% during the 3rd quarter. Good Life Advisors LLC now owns 11,044 shares of the company’s stock worth $816,000 after acquiring an additional 6,299 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in General Mills by 0.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 80,313 shares of the company’s stock worth $5,931,000 after purchasing an additional 502 shares during the period. V Square Quantitative Management LLC boosted its holdings in General Mills by 4.8% during the third quarter. V Square Quantitative Management LLC now owns 12,721 shares of the company’s stock valued at $939,000 after purchasing an additional 586 shares in the last quarter. Claro Advisors LLC grew its stake in shares of General Mills by 17.6% in the 3rd quarter. Claro Advisors LLC now owns 4,795 shares of the company’s stock valued at $354,000 after purchasing an additional 719 shares during the period. Finally, Stratos Wealth Advisors LLC raised its holdings in shares of General Mills by 1.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock worth $783,000 after buying an additional 173 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.

General Mills Stock Performance

Shares of NYSE:GIS opened at $58.85 on Friday. The stock has a market capitalization of $32.44 billion, a P/E ratio of 12.79, a P/E/G ratio of 3.82 and a beta of 0.10. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 1-year low of $57.85 and a 1-year high of $75.90. The business has a 50-day moving average price of $61.61 and a two-hundred day moving average price of $66.88.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 earnings per share. Equities analysts predict that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.08%. General Mills’s dividend payout ratio is presently 52.17%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GIS. Wells Fargo & Company lowered their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and increased their target price for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Stifel Nicolaus reduced their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $71.13.

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 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.