247,787 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 247,787 shares of the company's stock, valued at approximately $15,806,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in shares of General Mills in the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Mills during the fourth quarter worth $31,000. VSM Wealth Advisory LLC bought a new stake in shares of General Mills in the fourth quarter valued at about $32,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of General Mills in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

GIS has been the topic of a number of analyst reports. Mizuho decreased their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Piper Sandler reduced their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. Finally, Citigroup reduced their price objective on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, General Mills currently has a consensus rating of "Hold" and an average price target of $65.69.

General Mills Trading Up 0.5 %

Shares of General Mills stock traded up $0.30 on Friday, hitting $57.47. The stock had a trading volume of 1,301,130 shares, compared to its average volume of 4,392,702. The stock has a 50 day moving average of $59.63 and a 200 day moving average of $63.55. The firm has a market capitalization of $31.68 billion, a P/E ratio of 12.49, a PEG ratio of 1.94 and a beta of 0.15. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. 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 (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The company's revenue for the quarter was down 5.1% on a year-over-year basis. Sell-side analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.18%. General Mills's payout ratio is 52.75%.

About General Mills

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.