Canada Post Corp Registered Pension Plan Purchases New Position in General Mills, Inc. (NYSE:GIS)

Canada Post Corp Registered Pension Plan purchased a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 49,666 shares of the company's stock, valued at approximately $3,167,000.

Other hedge funds have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new stake in shares of General Mills during the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC acquired a new stake in General Mills during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Mills in the fourth quarter valued at about $31,000. VSM Wealth Advisory LLC acquired a new position in General Mills in the 4th quarter worth about $32,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of General Mills during the 4th quarter valued at about $34,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction 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. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GIS. Mizuho cut their price target on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Wells Fargo & Company lowered their price objective on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group lifted their target price on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Stifel Nicolaus lowered their price target on shares of General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, Citigroup lowered their price objective on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $65.69.

General Mills Trading Up 1.9 %

NYSE:GIS traded up $1.05 during trading hours on Friday, hitting $57.52. 3,368,814 shares of the stock were exchanged, compared to its average volume of 4,405,556. The company has a market capitalization of $31.71 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. 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's 50 day moving average is $59.48 and its two-hundred day moving average is $62.95. 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 issued its quarterly earnings results 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. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 earnings per share. 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. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.17%. General Mills's dividend payout ratio is 52.75%.

General Mills Company 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.