Rhumbline Advisers Has $71.78 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Rhumbline Advisers trimmed its position in General Mills, Inc. (NYSE:GIS - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,125,567 shares of the company's stock after selling 21,924 shares during the quarter. Rhumbline Advisers owned 0.20% of General Mills worth $71,777,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC increased its stake in shares of General Mills by 6.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company's stock valued at $304,000 after purchasing an additional 268 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in General Mills by 22.1% in the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company's stock valued at $17,565,000 after buying an additional 43,086 shares in the last quarter. JPMorgan Chase & Co. grew its position in General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after acquiring an additional 2,926,232 shares during the last quarter. J2 Capital Management Inc acquired a new position in General Mills during the fourth quarter worth about $547,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of General Mills by 129.9% in the third quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company's stock worth $13,649,000 after acquiring an additional 104,436 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on Friday, December 20th. The shares were 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. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GIS shares. Wells Fargo & Company decreased their price target on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a report on Wednesday. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. Citigroup dropped their price target on General Mills from $71.00 to $67.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Stifel Nicolaus reduced their price objective on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Barclays dropped their target price on General Mills from $74.00 to $68.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $69.88.

General Mills Trading Up 2.0 %

Shares of NYSE GIS traded up $1.16 during midday trading on Thursday, reaching $59.15. The stock had a trading volume of 2,953,063 shares, compared to its average volume of 4,652,125. The company's 50 day moving average price is $61.15 and its 200 day moving average price is $66.66. 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 twelve month low of $55.15 and a twelve month high of $75.90. The firm has a market cap of $32.61 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 3.71 and a beta of 0.10.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. General Mills's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The firm also recently announced 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 of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.06%. General Mills's payout ratio is currently 52.17%.

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.