General Mills, Inc. (NYSE:GIS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 437,224 shares of the company's stock after selling 37,991 shares during the quarter. Vontobel Holding Ltd. owned about 0.08% of General Mills worth $32,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GIS. Rise Advisors LLC grew its stake in shares of General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company's stock valued at $29,000 after buying an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company's stock valued at $29,000 after acquiring an additional 336 shares during the last quarter. RFP Financial Group LLC increased its stake in General Mills by 66.3% in the first quarter. RFP Financial Group LLC now owns 434 shares of the company's stock worth $30,000 after purchasing an additional 173 shares during the period. Perkins Coie Trust Co lifted its position in shares of General Mills by 769.2% during the first quarter. Perkins Coie Trust Co now owns 452 shares of the company's stock worth $32,000 after purchasing an additional 400 shares during the last quarter. Finally, GoalVest Advisory LLC boosted its stake in shares of General Mills by 65.5% during the first quarter. GoalVest Advisory LLC now owns 455 shares of the company's stock valued at $32,000 after purchasing an additional 180 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Stock Down 0.5 %

Shares of GIS stock traded down $0.33 during trading hours on Thursday, reaching $70.67. 3,169,689 shares of the company's stock were exchanged, compared to its average volume of 3,913,545. General Mills, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $75.90. The stock's 50 day moving average is $72.34 and its 200-day moving average is $69.22. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. The company has a market cap of $39.44 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 3.71 and a beta of 0.10.

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

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, October 10th. General Mills's dividend payout ratio (DPR) is presently 55.68%.

Insider Activity at General Mills

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now directly owns 36,184 shares in the company, valued at approximately $2,700,411.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Jonathon Nudi sold 9,647 shares of General Mills stock in a transaction that occurred 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the sale, the insider now directly owns 36,184 shares in the company, valued at $2,700,411.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,055 shares of company stock valued at $1,467,311 in the last ninety days. Company insiders own 0.24% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on GIS. Mizuho reduced their price target on shares of General Mills from $70.00 to $62.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 3rd. Barclays raised their target price on shares of General Mills from $67.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Friday, September 20th. Evercore ISI lowered their price target on General Mills from $76.00 to $72.00 and set an "in-line" rating for the company in a report on Friday, June 28th. TD Cowen increased their price objective on General Mills from $72.00 to $75.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Finally, The Goldman Sachs Group assumed coverage on General Mills in a research report on Monday, August 12th. They set a "buy" rating and a $76.00 target price for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $73.00.

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.