Mizuho Securities USA LLC Has $5.38 Million Stake in General Mills, Inc. (NYSE:GIS)

Mizuho Securities USA LLC raised its position in General Mills, Inc. (NYSE:GIS - Free Report) by 67.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,880 shares of the company's stock after buying an additional 29,350 shares during the period. Mizuho Securities USA LLC's holdings in General Mills were worth $5,382,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. grew its holdings in General Mills by 1.1% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company's stock worth $999,000 after acquiring an additional 148 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of General Mills by 4.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,261 shares of the company's stock valued at $206,000 after purchasing an additional 151 shares during the last quarter. Secure Asset Management LLC increased its holdings in shares of General Mills by 5.0% in the second quarter. Secure Asset Management LLC now owns 3,305 shares of the company's stock valued at $209,000 after purchasing an additional 157 shares in the last quarter. LCM Capital Management Inc raised its position in General Mills by 1.9% in the 2nd quarter. LCM Capital Management Inc now owns 8,521 shares of the company's stock worth $539,000 after purchasing an additional 157 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in General Mills by 1.1% in the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company's stock worth $1,097,000 after purchasing an additional 165 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Transactions at General Mills

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares of the company's stock, valued at approximately $2,700,411.92. This represents a 6.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathon Nudi sold 9,647 shares of the firm's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the transaction, the insider now directly owns 128,664 shares of the company's stock, valued at $9,571,314.96. This represents a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,555 shares of company stock valued at $4,657,676 over the last three months. Company insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. TD Cowen lifted their target price on General Mills from $72.00 to $75.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Royal Bank of Canada reissued a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a report on Thursday, September 19th. Stifel Nicolaus raised their target price on shares of General Mills from $70.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. The Goldman Sachs Group began coverage on shares of General Mills in a research note on Monday, August 12th. They set a "buy" rating and a $76.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of General Mills from $63.00 to $67.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $72.67.

General Mills Trading Down 0.5 %

Shares of General Mills stock traded down $0.34 during trading hours on Monday, hitting $62.88. The company's stock had a trading volume of 4,860,102 shares, compared to its average volume of 3,909,997. General Mills, Inc. has a 12 month low of $61.47 and a 12 month high of $75.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The company has a market capitalization of $34.91 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 3.25 and a beta of 0.11. The stock has a 50 day moving average of $70.67 and a 200 day moving average of $68.84.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The business's revenue was down 1.2% on a year-over-year basis. Analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.82%. General Mills's dividend payout ratio (DPR) is 57.14%.

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.