General Mills, Inc. (NYSE:GIS) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 14.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 333,876 shares of the company's stock after selling 54,392 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.06% of General Mills worth $24,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in General Mills by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 60,298,880 shares of the company's stock worth $4,219,113,000 after purchasing an additional 8,444,312 shares in the last quarter. Capital Research Global Investors grew its position in shares of General Mills by 22.3% in the 1st quarter. Capital Research Global Investors now owns 13,650,388 shares of the company's stock worth $955,118,000 after buying an additional 2,488,341 shares during the last quarter. Legal & General Group Plc grew its position in shares of General Mills by 6.1% in the 2nd quarter. Legal & General Group Plc now owns 5,629,943 shares of the company's stock worth $356,151,000 after buying an additional 323,090 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of General Mills by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company's stock valued at $342,478,000 after purchasing an additional 148,235 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of General Mills by 100.4% in the 2nd quarter. American Century Companies Inc. now owns 4,728,710 shares of the company's stock valued at $299,138,000 after purchasing an additional 2,368,563 shares during the period. Institutional investors own 75.71% of the company's stock.

General Mills Price Performance

Shares of GIS stock traded up $0.11 during trading hours on Tuesday, reaching $64.21. The company had a trading volume of 1,227,668 shares, compared to its average volume of 3,880,819. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The stock has a fifty day moving average of $71.44 and a 200-day moving average of $69.00. The company has a market capitalization of $35.65 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 3.37 and a beta of 0.11. General Mills, Inc. has a 12-month low of $61.47 and a 12-month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $4.80 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The firm's quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Thursday, October 10th. General Mills's payout ratio is currently 57.14%.

Insider Activity at General Mills

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the transaction, the insider now owns 36,184 shares of the company's stock, valued at approximately $2,700,411.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction dated 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 owns 36,184 shares in the company, valued at approximately $2,700,411.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares of the company's stock, valued at approximately $24,379,054.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,555 shares of company stock valued at $4,657,676 over the last quarter. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on General Mills from $63.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Argus restated a "hold" rating on shares of General Mills in a research report on Tuesday, July 16th. Citigroup increased their price objective on General Mills from $68.00 to $76.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. TD Cowen boosted their target price 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, Stifel Nicolaus lifted their price target on General Mills from $70.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.