Sei Investments Co. Grows Holdings in General Mills, Inc. (NYSE:GIS)

Sei Investments Co. raised its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 414,806 shares of the company's stock after purchasing an additional 33,292 shares during the period. Sei Investments Co. owned 0.08% of General Mills worth $26,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills in the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Mills during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills during the fourth quarter worth about $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $32,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of General Mills in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have commented on GIS shares. Barclays cut their price target on General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Piper Sandler cut their target price on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Bank of America decreased their price target on shares of General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada restated a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. Finally, Jefferies Financial Group increased their target price 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $65.69.

General Mills Price Performance

Shares of NYSE GIS traded down $0.22 during midday trading on Friday, hitting $59.44. The company had a trading volume of 2,097,334 shares, compared to its average volume of 4,305,751. 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 business has a 50-day simple moving average of $59.98 and a two-hundred day simple moving average of $64.86. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The firm has a market capitalization of $32.77 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06.

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

General Mills Dividend Announcement

The company also recently declared 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. This represents a $2.40 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is presently 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.