Hsbc Holdings PLC Has $122.21 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Hsbc Holdings PLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,921,255 shares of the company's stock after acquiring an additional 115,221 shares during the period. Hsbc Holdings PLC owned about 0.35% of General Mills worth $122,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC increased its stake in shares of General Mills by 29.6% in the fourth quarter. OneDigital Investment Advisors LLC now owns 13,198 shares of the company's stock valued at $842,000 after buying an additional 3,012 shares in the last quarter. Stifel Financial Corp increased its position in General Mills by 9.3% in the 4th quarter. Stifel Financial Corp now owns 835,567 shares of the company's stock valued at $53,284,000 after acquiring an additional 70,984 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of General Mills by 31.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 44,838 shares of the company's stock worth $2,859,000 after purchasing an additional 10,677 shares in the last quarter. Transce3nd LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $32,000. Finally, MetLife Investment Management LLC increased its holdings in shares of General Mills by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 146,993 shares of the company's stock valued at $9,374,000 after purchasing an additional 2,230 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by company insiders.

General Mills Stock Down 0.4 %

General Mills stock traded down $0.23 during midday trading on Friday, reaching $56.16. The stock had a trading volume of 3,996,092 shares, compared to its average volume of 4,404,843. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The firm's fifty day simple moving average is $59.32 and its 200-day simple moving average is $62.40. The stock has a market capitalization of $30.96 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the company earned $1.17 earnings per share. The firm's revenue was down 5.1% compared to the same quarter last year. As a group, analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's payout ratio is 52.75%.

Analyst Upgrades and Downgrades

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

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.