Amundi Has $248.90 Million Holdings in General Mills, Inc. (NYSE:GIS)

Amundi increased its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,082,376 shares of the company's stock after buying an additional 360,368 shares during the quarter. Amundi owned about 0.74% of General Mills worth $248,902,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in General Mills during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills in the fourth quarter worth $31,000. Planning Capital Management Corp grew its stake in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company's stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of General Mills in the fourth quarter worth $34,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Mills in the fourth quarter worth $38,000. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Down 3.7 %

Shares of NYSE GIS traded down $2.31 during mid-day trading on Wednesday, hitting $60.03. 5,266,534 shares of the company traded hands, compared to its average volume of 3,962,820. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The stock has a market capitalization of $33.09 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.94 and a beta of 0.06. 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 business has a 50 day moving average of $60.26 and a two-hundred day moving average of $65.83.

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General Mills (NYSE:GIS - Get Free Report) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business 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 business posted $1.25 earnings per share. General Mills's revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio is currently 52.17%.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares of the company's stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Mizuho decreased their price target on General Mills from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company decreased their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus decreased their price target on General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. TD Cowen decreased their price target on General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on General Mills from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $68.24.

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.