General Mills, Inc. (NYSE:GIS) Stake Decreased by Candriam S.C.A.

Candriam S.C.A. lessened its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 239,066 shares of the company's stock after selling 47,327 shares during the quarter. Candriam S.C.A.'s holdings in General Mills were worth $15,245,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of General Mills during the 4th quarter worth $80,994,000. Vision Financial Markets LLC acquired a new stake in shares of General Mills during the 4th quarter worth $242,000. Proficio Capital Partners LLC acquired a new stake in shares of General Mills during the 4th quarter worth $11,178,000. SPC Financial Inc. increased its holdings in shares of General Mills by 4.5% during the 4th quarter. SPC Financial Inc. now owns 13,259 shares of the company's stock worth $846,000 after buying an additional 570 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in shares of General Mills by 0.9% during the 4th quarter. M&T Bank Corp now owns 201,778 shares of the company's stock worth $12,867,000 after buying an additional 1,771 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

General Mills Stock Up 3.7 %

Shares of General Mills stock traded up $2.31 during trading hours on Friday, hitting $64.53. 8,966,679 shares of the company's stock traded hands, compared to its average volume of 3,920,881. The stock has a 50 day simple moving average of $60.33 and a 200-day simple moving average of $65.97. 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 has a market cap of $35.57 billion, a PE ratio of 14.03, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90.

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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 earnings per share 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 company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the firm earned $1.25 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given 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 3.72%. General Mills's payout ratio is 52.17%.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now owns 42,117 shares of the company's stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GIS. TD Cowen dropped their price objective on General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, December 19th. Mizuho dropped their price objective on General Mills from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Piper Sandler dropped their price objective on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, Barclays lowered their price target on General Mills from $74.00 to $68.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $69.06.

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.