Vinva Investment Management Ltd Sells 11,287 Shares of General Mills, Inc. (NYSE:GIS)

Vinva Investment Management Ltd cut its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,737 shares of the company's stock after selling 11,287 shares during the quarter. Vinva Investment Management Ltd's holdings in General Mills were worth $807,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Stokes Family Office LLC raised its holdings in shares of General Mills by 108.2% during the fourth quarter. Stokes Family Office LLC now owns 9,433 shares of the company's stock valued at $602,000 after purchasing an additional 4,903 shares during the period. West Tower Group LLC acquired a new position in General Mills during the 4th quarter worth approximately $434,000. VSM Wealth Advisory LLC bought a new position in General Mills in the fourth quarter worth approximately $32,000. OVERSEA CHINESE BANKING Corp Ltd grew its stake in General Mills by 2.6% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 342,441 shares of the company's stock valued at $21,837,000 after acquiring an additional 8,565 shares during the period. Finally, Enhancing Capital LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $950,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Performance

Shares of NYSE:GIS traded down $0.42 during mid-day trading on Tuesday, reaching $57.75. The company had a trading volume of 4,987,361 shares, compared to its average volume of 4,114,724. General Mills, Inc. has a one year low of $55.15 and a one 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 company's 50-day moving average price is $59.97 and its 200-day moving average price is $65.06. The firm has a market cap of $31.83 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.94 and a beta of 0.06.

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General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS. As a group, equities research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors 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 dividend on an annualized basis and a yield of 4.16%. General Mills's dividend payout ratio is 52.75%.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of recent research reports. TD Cowen cut their target price on General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, December 19th. Bank of America dropped their price objective on shares of General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Piper Sandler decreased their target price on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Finally, 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. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $65.69.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.