General Mills, Inc. (NYSE:GIS) Stock Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in General Mills, Inc. (NYSE:GIS - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,528 shares of the company's stock after purchasing an additional 4,448 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of General Mills worth $20,938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GIS. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in General Mills by 0.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 80,313 shares of the company's stock valued at $5,931,000 after buying an additional 502 shares in the last quarter. Claro Advisors LLC increased its stake in shares of General Mills by 17.6% during the 3rd quarter. Claro Advisors LLC now owns 4,795 shares of the company's stock worth $354,000 after purchasing an additional 719 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in shares of General Mills by 1.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company's stock worth $783,000 after purchasing an additional 173 shares in the last quarter. Blue Trust Inc. increased its stake in shares of General Mills by 134.7% during the 3rd quarter. Blue Trust Inc. now owns 19,894 shares of the company's stock worth $1,469,000 after purchasing an additional 11,418 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of General Mills by 1.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 20,646 shares of the company's stock worth $1,525,000 after purchasing an additional 286 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company's stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Mizuho dropped their price objective on shares of General Mills from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Barclays dropped their price objective on shares of General Mills from $74.00 to $68.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Stifel Nicolaus decreased their target price on shares of General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Bank of America decreased their target price on shares of General Mills from $78.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $69.88.

General Mills Stock Up 2.0 %

Shares of NYSE:GIS traded up $1.16 during midday trading on Thursday, hitting $59.15. 2,953,014 shares of the company's stock traded hands, compared to its average volume of 4,652,071. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The company has a market cap of $32.61 billion, a PE ratio of 12.86, a P/E/G ratio of 3.71 and a beta of 0.10. The firm's fifty day moving average price is $61.15 and its two-hundred day moving average price is $66.66. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results 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%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. On average, equities research analysts anticipate that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.06%. General Mills's payout ratio is 52.17%.

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.