10,187 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Personal CFO Solutions LLC

Personal CFO Solutions LLC acquired a new position in General Mills, Inc. (NYSE:GIS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,187 shares of the company's stock, valued at approximately $650,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its holdings in General Mills by 9.4% in the third quarter. State Street Corp now owns 33,502,737 shares of the company's stock worth $2,474,177,000 after purchasing an additional 2,867,678 shares in the last quarter. Nordea Investment Management AB increased its holdings in General Mills by 64.5% in the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock worth $497,054,000 after purchasing an additional 3,058,414 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock worth $421,552,000 after purchasing an additional 2,926,232 shares in the last quarter. Amundi increased its holdings in General Mills by 9.7% in the fourth quarter. Amundi now owns 4,082,376 shares of the company's stock worth $248,902,000 after purchasing an additional 360,368 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of General Mills by 5.5% during the fourth quarter. Bank of New York Mellon Corp now owns 4,004,777 shares of the company's stock valued at $255,385,000 after acquiring an additional 207,346 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

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General Mills Stock Performance

Shares of NYSE GIS traded down $2.31 during trading on Wednesday, reaching $60.03. 5,266,534 shares of the stock traded hands, compared to its average volume of 3,962,820. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. 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 company has a 50-day moving average of $60.26 and a 200-day moving average of $65.83. The stock has a market capitalization of $33.09 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the company earned $1.25 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. Analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.00%. General Mills's payout ratio is currently 52.17%.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares of the company's stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GIS shares. Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $83.00 to $82.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Jefferies Financial Group boosted their price objective on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a report on Monday. Stifel Nicolaus decreased their price objective on General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company decreased their price objective on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, thirteen have assigned 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 $68.24.

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.