General Mills, Inc. (NYSE:GIS) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in General Mills, Inc. (NYSE:GIS - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 570,057 shares of the company's stock after purchasing an additional 35,648 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of General Mills worth $36,353,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its holdings in General Mills by 9.4% in the third quarter. State Street Corp now owns 33,502,737 shares of the company's stock valued at $2,474,177,000 after acquiring an additional 2,867,678 shares during the period. Nordea Investment Management AB lifted its stake in shares of General Mills by 64.5% in the 4th 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. JPMorgan Chase & Co. boosted 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 worth $421,552,000 after buying an additional 2,926,232 shares in the last quarter. Amundi grew its position in General Mills by 9.7% during the fourth quarter. Amundi now owns 4,082,376 shares of the company's stock valued at $248,902,000 after buying an additional 360,368 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of General Mills by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,004,777 shares of the company's stock worth $255,385,000 after acquiring an additional 207,346 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 42,117 shares of the company's stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GIS. Barclays dropped their price objective on General Mills from $74.00 to $68.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Wells Fargo & Company reduced their price objective on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Stifel Nicolaus cut their target price on shares of General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. 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 Thursday, December 19th. Finally, Jefferies Financial Group boosted their price objective on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $68.24.

General Mills Stock Down 2.0 %

NYSE GIS traded down $1.27 during trading hours on Wednesday, hitting $61.06. 2,517,112 shares of the company were exchanged, compared to its average volume of 3,948,680. The company has a 50 day moving average of $60.34 and a two-hundred day moving average of $65.87. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a market cap of $33.66 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last issued 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. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.14 billion. During the same quarter last year, the company earned $1.25 earnings per share. The firm's revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently disclosed 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. The ex-dividend date 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%.

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.