Asset Management One Co. Ltd. Has $22.32 Million Position in General Mills, Inc. (NYSE:GIS)

Asset Management One Co. Ltd. lessened its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,020 shares of the company's stock after selling 4,589 shares during the period. Asset Management One Co. Ltd. owned 0.06% of General Mills worth $22,320,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GIS. Values First Advisors Inc. acquired a new position in shares of General Mills during the third quarter valued at $27,000. Endeavor Private Wealth Inc. bought a new position in shares of General Mills in the 4th quarter valued at about $26,000. Planning Capital Management Corp grew its position in shares of General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company's stock worth $37,000 after buying an additional 193 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of General Mills during the third quarter worth approximately $44,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Mills during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GIS. Barclays dropped their price target 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. Citigroup dropped their price target on shares of General Mills from $71.00 to $67.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Stifel Nicolaus dropped their price target on shares of General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday. Wells Fargo & Company dropped their price target on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $69.88.

General Mills Stock Up 0.7 %

GIS stock traded up $0.38 during midday trading on Wednesday, hitting $57.94. The company's stock had a trading volume of 3,861,605 shares, compared to its average volume of 4,705,134. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The company's fifty day moving average price is $61.30 and its 200 day moving average price is $66.72. The stock has a market capitalization of $31.94 billion, a P/E ratio of 12.60, a PEG ratio of 3.79 and a beta of 0.10.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS 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 company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the firm posted $1.25 EPS. The company's quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is 52.17%.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated 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 sale, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock.

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.