11,650 Shares in General Mills, Inc. (NYSE:GIS) Bought by Allianz SE

Allianz SE purchased a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,650 shares of the company's stock, valued at approximately $743,000.

Other institutional investors have also modified their holdings of the company. Gladstone Institutional Advisory LLC raised its position in General Mills by 6.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company's stock valued at $304,000 after acquiring an additional 268 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock worth $421,552,000 after purchasing an additional 2,926,232 shares during the period. J2 Capital Management Inc purchased a new position in shares of General Mills during the 4th quarter valued at approximately $547,000. Sequoia Financial Advisors LLC lifted its stake in shares of General Mills by 15.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company's stock valued at $2,749,000 after purchasing an additional 5,853 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in General Mills by 7.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company's stock worth $4,652,000 after buying an additional 4,839 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

Insider Activity at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the business'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 sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GIS shares. Royal Bank of Canada reissued a "sector perform" rating and set a $70.00 target price on shares of General Mills in a research note on Monday, March 17th. Deutsche Bank Aktiengesellschaft lowered their price target on General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Bank of America cut their price objective on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. TD Cowen decreased their target price on General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. Finally, Jefferies Financial Group boosted their price target on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $65.69.

General Mills Price Performance

Shares of General Mills stock traded down $0.39 on Friday, hitting $60.58. 2,683,101 shares of the company were exchanged, compared to its average volume of 4,330,031. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average price of $59.98 and a 200 day moving average price of $64.36. The stock has a market capitalization of $33.40 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. The company's quarterly revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Thursday, April 10th. General Mills's payout ratio is presently 52.75%.

About General Mills

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.