XTX Topco Ltd Sells 15,216 Shares of General Mills, Inc. (NYSE:GIS)

XTX Topco Ltd cut its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 32.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,731 shares of the company's stock after selling 15,216 shares during the quarter. XTX Topco Ltd's holdings in General Mills were worth $2,023,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Gladstone Institutional Advisory LLC boosted its holdings in General Mills by 6.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company's stock valued at $304,000 after acquiring an additional 268 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of General Mills by 11.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company's stock valued at $53,211,000 after purchasing an additional 85,612 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 period. Franklin Resources Inc. raised its stake in General Mills by 10.6% during the fourth quarter. Franklin Resources Inc. now owns 484,550 shares of the company's stock worth $30,900,000 after buying an additional 46,536 shares during the last quarter. Finally, J2 Capital Management Inc acquired a new position in General Mills in the fourth quarter valued at $547,000. Institutional investors own 75.71% of the company's stock.

General Mills Stock Up 1.9 %

GIS traded up $1.05 during mid-day trading on Friday, reaching $57.52. 3,368,814 shares of the stock were exchanged, compared to its average volume of 4,405,556. The company has a 50 day moving average price of $59.48 and a two-hundred day moving average price of $62.95. The stock has a market capitalization of $31.71 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90.

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

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Thursday, April 10th. General Mills's dividend payout ratio is currently 52.75%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Morgan Stanley assumed coverage on shares of General Mills in a research report on Monday, March 24th. They set an "underweight" rating and a $53.00 price objective for the company. 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. Bank of America reduced their price target on shares of General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a research report on Monday, March 17th. One 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 an average rating of "Hold" and an average target price of $65.69.

Insider Buying and Selling

In other General Mills 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 sale, the chief executive officer now owns 353,346 shares of the company's stock, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by insiders.

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.