General Mills, Inc. (NYSE:GIS) Shares Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund increased its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 36.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,461 shares of the company's stock after acquiring an additional 5,981 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in General Mills were worth $1,432,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Endeavor Private Wealth Inc. purchased a new position in General Mills in the fourth quarter valued at approximately $26,000. Values First Advisors Inc. purchased a new stake in shares of General Mills during the third quarter worth $27,000. Planning Capital Management Corp lifted its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company's stock worth $37,000 after acquiring an additional 193 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of General Mills during the fourth quarter worth $38,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of General Mills during the third quarter worth $44,000. 75.71% of the stock is owned by institutional investors.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on GIS. Stifel Nicolaus dropped their target price on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday. TD Cowen lowered their price target on shares of General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, December 19th. Mizuho dropped their target price on shares of General Mills from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Citigroup cut their price target on shares of General Mills from $71.00 to $67.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their target price on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $69.88.

General Mills Stock Performance

Shares of GIS traded up $1.16 on Thursday, reaching $59.15. The company's stock had a trading volume of 2,953,063 shares, compared to its average volume of 4,652,125. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The stock has a market capitalization of $32.61 billion, a P/E ratio of 12.86, a PEG ratio of 3.71 and a beta of 0.10. The stock's 50 day simple moving average is $61.01 and its two-hundred day simple moving average is $66.61. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The firm's revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently announced 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 4.06%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is presently 52.17%.

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.