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Principal Financial Group Inc. Trims Stock Holdings in General Mills, Inc. (NYSE:GIS)

General Mills logo with Consumer Staples background

Principal Financial Group Inc. lowered its position in General Mills, Inc. (NYSE:GIS - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 759,520 shares of the company's stock after selling 33,473 shares during the period. Principal Financial Group Inc. owned 0.14% of General Mills worth $48,435,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GIS. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills during the fourth quarter worth approximately $26,000. Values First Advisors Inc. bought a new stake in shares of General Mills during the third quarter worth $27,000. Planning Capital Management Corp grew its holdings 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 buying an additional 193 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of General Mills during the 4th quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC bought a new position in General Mills in the third quarter valued at $44,000. Institutional investors own 75.71% of the company's stock.

General Mills Price Performance

Shares of General Mills stock traded up $1.83 on Friday, reaching $61.02. 5,218,456 shares of the stock were exchanged, compared to its average volume of 4,668,790. The firm's 50 day moving average is $61.01 and its 200-day moving average is $66.61. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The firm has a market cap of $33.63 billion, a PE ratio of 13.26, a P/E/G ratio of 3.76 and a beta of 0.10.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.25 earnings per share. As a group, analysts anticipate that General Mills, Inc. will post 4.38 EPS for the current fiscal year.

General Mills Dividend Announcement

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 dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.93%. General Mills's dividend payout ratio is currently 52.17%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GIS. TD Cowen dropped their target price on shares of General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus reduced their target price on shares of General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday. Mizuho reduced their price objective on General Mills from $72.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft reduced 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. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $69.88.

Read Our Latest Report on GIS

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares of the company's stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

General Mills Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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