SBI Securities Co. Ltd. Takes $611,000 Position in General Mills, Inc. (NYSE:GIS)

SBI Securities Co. Ltd. acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,584 shares of the company’s stock, valued at approximately $611,000.

Several other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in shares of General Mills by 49.2% during the fourth quarter. Jones Financial Companies Lllp now owns 212,109 shares of the company’s stock valued at $13,526,000 after purchasing an additional 69,991 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of General Mills by 358.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,982 shares of the company’s stock valued at $254,000 after purchasing an additional 3,114 shares during the period. Bailard Inc. raised its holdings in shares of General Mills by 10.1% in the 4th quarter. Bailard Inc. now owns 9,036 shares of the company’s stock worth $576,000 after acquiring an additional 827 shares during the last quarter. Norden Group LLC raised its holdings in shares of General Mills by 23.3% in the 4th quarter. Norden Group LLC now owns 17,116 shares of the company’s stock worth $1,092,000 after acquiring an additional 3,237 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Mills in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GIS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. Stifel Nicolaus lowered their target price on shares of General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. TD Cowen lowered their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Barclays lowered their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Finally, Citigroup lowered their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, General Mills has a consensus rating of “Hold” and an average price target of $69.06.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s 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 completion of the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

General Mills Stock Down 1.5 %

General Mills stock opened at $61.15 on Wednesday. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The firm has a 50 day moving average price of $60.41 and a 200-day moving average price of $66.13. The company has a market capitalization of $33.71 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.94 and a beta of 0.10. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the firm earned $1.25 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

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.