B. Metzler seel. Sohn & Co. AG Sells 28,053 Shares of General Mills, Inc. (NYSE:GIS)

B. Metzler seel. Sohn & Co. AG lessened its position in General Mills, Inc. (NYSE:GIS - Free Report) by 39.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,826 shares of the company's stock after selling 28,053 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in General Mills were worth $2,731,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of General Mills by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company's stock valued at $4,376,573,000 after acquiring an additional 1,868,508 shares during the last quarter. State Street Corp lifted its holdings in shares of General Mills by 9.4% during the third quarter. State Street Corp now owns 33,502,737 shares of the company's stock valued at $2,474,177,000 after purchasing an additional 2,867,678 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of General Mills by 64.5% in the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock valued at $497,054,000 after purchasing an additional 3,058,414 shares during the period. Norges Bank purchased a new position in General Mills in the 4th quarter worth about $496,484,000. Finally, American Century Companies Inc. increased its stake in General Mills by 13.3% in the 4th quarter. American Century Companies Inc. now owns 5,731,471 shares of the company's stock worth $365,496,000 after purchasing an additional 670,642 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

Remove Ads

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen decreased their target price on shares of General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, December 19th. Piper Sandler decreased their price objective on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Stifel Nicolaus cut 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 note on Wednesday, February 19th. Morgan Stanley started coverage on General Mills in a report on Monday, March 24th. They issued an "underweight" rating and a $53.00 target price for the company. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $70.00 price target on shares of General Mills in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $65.69.

General Mills Stock Down 2.2 %

GIS traded down $1.33 during midday trading on Friday, hitting $59.64. 7,577,878 shares of the company's stock traded hands, compared to its average volume of 4,351,286. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company has a market cap of $32.87 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. The stock's fifty day simple moving average is $59.97 and its 200-day simple moving average is $64.19. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90.

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

General Mills Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, April 10th. General Mills's payout ratio is 52.75%.

General Mills 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.