Robeco Institutional Asset Management B.V. Raises Stock Holdings in General Mills, Inc. (NYSE:GIS)

Robeco Institutional Asset Management B.V. increased its position in General Mills, Inc. (NYSE:GIS - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 670,351 shares of the company's stock after acquiring an additional 47,250 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of General Mills worth $42,748,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of General Mills by 22.1% in the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company's stock worth $17,565,000 after acquiring an additional 43,086 shares during the period. JPMorgan Chase & Co. grew its holdings in General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after purchasing an additional 2,926,232 shares during the period. J2 Capital Management Inc bought a new stake in General Mills during the fourth quarter valued at about $547,000. Crossmark Global Holdings Inc. grew its holdings in General Mills by 129.9% during the third quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company's stock valued at $13,649,000 after purchasing an additional 104,436 shares during the period. Finally, Nordea Investment Management AB grew its holdings in General Mills by 64.5% during the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock valued at $497,054,000 after purchasing an additional 3,058,414 shares during the period. Institutional investors own 75.71% of the company's stock.

General Mills Price Performance

Shares of NYSE:GIS traded up $0.50 during mid-day trading on Thursday, reaching $60.40. The stock had a trading volume of 475,357 shares, compared to its average volume of 4,205,844. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The business's 50 day moving average price is $63.15 and its 200 day moving average price is $67.36. The company has a market cap of $33.29 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 3.70 and a beta of 0.11.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion for 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 company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. Research analysts expect that General Mills, Inc. will post 4.42 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, April 10th. General Mills's dividend payout ratio is currently 52.17%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on General Mills from $83.00 to $82.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price target on General Mills from $63.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Stifel Nicolaus cut their price target on General Mills from $78.00 to $72.00 and set a "buy" rating for the company in a report on Friday, January 24th. Wells Fargo & Company lowered their price objective on General Mills from $68.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays lowered their price objective on General Mills from $74.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $70.94.

Insider Activity

In other General Mills news, Director Maria Sastre sold 1,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the sale, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company's 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 owns 42,117 shares of the company's stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company's stock.

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.