Grantham Mayo Van Otterloo & Co. LLC Has $12.36 Million Holdings in General Mills, Inc. (NYSE:GIS)

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,885 shares of the company's stock after acquiring an additional 14,460 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in General Mills were worth $12,364,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GIS. Norges Bank acquired a new position in shares of General Mills during the fourth quarter worth $496,484,000. Nordea Investment Management AB boosted its stake in General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock worth $497,054,000 after purchasing an additional 3,058,414 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock worth $421,552,000 after buying an additional 2,926,232 shares during the last quarter. Nepsis Inc. grew its stake in shares of General Mills by 3,504.8% in the 4th quarter. Nepsis Inc. now owns 2,164,395 shares of the company's stock valued at $138,023,000 after purchasing an additional 2,104,353 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of General Mills by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company's stock valued at $4,376,573,000 after purchasing an additional 1,868,508 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

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General Mills Price Performance

Shares of GIS traded up $0.55 during mid-day trading on Friday, reaching $57.72. The company had a trading volume of 1,397,883 shares, compared to its average volume of 4,393,143. The company's 50-day moving average is $59.63 and its 200-day moving average is $63.55. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The company has a market capitalization of $31.82 billion, a P/E ratio of 12.53, a P/E/G ratio of 1.94 and a beta of 0.15. 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 (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping 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 firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The company's quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is 52.75%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. 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. Barclays cut their target price on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company lowered their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their price objective on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat, General Mills has an average rating of "Hold" and a consensus price target of $65.69.

Insider Activity at General Mills

In other General Mills 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 transaction of $739,635.00. Following the completion of the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

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.