General Mills, Inc. (NYSE:GIS) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. decreased its holdings in General Mills, Inc. (NYSE:GIS) by 11.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 115,245 shares of the company’s stock after selling 15,031 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in General Mills were worth $8,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GIS. Vinva Investment Management Ltd lifted its stake in shares of General Mills by 2.1% during the third quarter. Vinva Investment Management Ltd now owns 24,024 shares of the company’s stock worth $1,787,000 after purchasing an additional 495 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of General Mills by 11.6% in the third quarter. Public Sector Pension Investment Board now owns 24,035 shares of the company’s stock valued at $1,775,000 after buying an additional 2,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of General Mills by 0.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 534,409 shares of the company’s stock valued at $39,466,000 after buying an additional 3,993 shares during the period. Providence Capital Advisors LLC lifted its position in General Mills by 1.0% during the 3rd quarter. Providence Capital Advisors LLC now owns 38,641 shares of the company’s stock worth $2,854,000 after acquiring an additional 377 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its position in General Mills by 80.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 13,362 shares of the company’s stock worth $987,000 after acquiring an additional 5,955 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Bank of America increased their price objective on shares of General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Stifel Nicolaus lifted their price target on shares of General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. The Goldman Sachs Group began coverage on shares of General Mills in a report on Monday, August 12th. They issued a “buy” rating and a $76.00 price objective on the stock. Citigroup raised their target price on General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. lifted their target price on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, General Mills currently has a consensus rating of “Hold” and a consensus target price of $72.67.

General Mills Trading Up 0.4 %

NYSE:GIS opened at $66.23 on Friday. General Mills, Inc. has a 52 week low of $61.47 and a 52 week high of $75.90. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The company has a market cap of $36.77 billion, a PE ratio of 15.77, a P/E/G ratio of 3.44 and a beta of 0.11. The business’s 50 day moving average is $68.94 and its two-hundred day moving average is $68.52.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. On average, analysts predict that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 3.62%. General Mills’s dividend payout ratio (DPR) is 57.14%.

Insiders Place Their Bets

In related news, CEO Jeffrey L. Harmening sold 46,500 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total value of $3,190,365.00. Following the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This trade represents a 11.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,555 shares of company stock valued at $4,721,336 over the last quarter. Insiders own 0.26% of the company’s stock.

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.