Twin Capital Management Inc. Purchases New Stake in General Mills, Inc. (NYSE:GIS)

Twin Capital Management Inc. bought a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,225 shares of the company's stock, valued at approximately $397,000.

Other large investors have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new stake in shares of General Mills in the fourth quarter valued at $26,000. CBIZ Investment Advisory Services LLC acquired a new position in General Mills in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Mills in the 4th quarter valued at about $31,000. VSM Wealth Advisory LLC acquired a new position in shares of General Mills in the fourth quarter valued at approximately $32,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of General Mills during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Analyst Ratings Changes

GIS has been the subject of several analyst reports. Wells Fargo & Company cut their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Citigroup reduced their target price on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Jefferies Financial Group lifted their price target on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a report on Monday, March 10th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Finally, Stifel Nicolaus lowered their target price on shares of General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills currently has an average rating of "Hold" and a consensus target price of $65.69.

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Insider Activity

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.26% of the company's stock.

General Mills Stock Up 1.3 %

Shares of NYSE:GIS traded up $0.75 during midday trading on Friday, hitting $57.92. 4,235,540 shares of the company's stock traded hands, compared to its average volume of 4,406,074. The firm's fifty day moving average price is $59.61 and its two-hundred day moving average price is $63.37. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The company has a market cap of $31.93 billion, a PE ratio of 12.59, a P/E/G ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The firm's quarterly revenue was down 5.1% on a year-over-year basis. On average, equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.14%. General Mills's dividend payout ratio is currently 52.75%.

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.