General Mills, Inc. (NYSE:GIS) Stock Position Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its stake in General Mills, Inc. (NYSE:GIS) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,588 shares of the company’s stock after selling 900 shares during the quarter. Janus Henderson Group PLC’s holdings in General Mills were worth $6,320,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GIS. American Century Companies Inc. raised its holdings in shares of General Mills by 100.4% during the second quarter. American Century Companies Inc. now owns 4,728,710 shares of the company’s stock worth $299,138,000 after acquiring an additional 2,368,563 shares in the last quarter. Wulff Hansen & CO. increased its position in General Mills by 6,140.4% in the 2nd quarter. Wulff Hansen & CO. now owns 945,421 shares of the company’s stock worth $59,807,000 after purchasing an additional 930,271 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of General Mills by 6,114.0% during the 3rd quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock worth $33,266,000 after purchasing an additional 443,202 shares in the last quarter. Legal & General Group Plc raised its stake in shares of General Mills by 6.1% during the 2nd quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock worth $356,151,000 after purchasing an additional 323,090 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of General Mills by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,823,254 shares of the company’s stock valued at $282,347,000 after buying an additional 263,188 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Bank of America lifted their price objective on shares of General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Company lowered their target price on shares of General Mills from $77.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Barclays raised their target price on General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, TD Cowen upped their price target on General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, General Mills currently has an average rating of “Hold” and a consensus price target of $72.67.

Insider Activity

In related news, insider Pankaj Mn Sharma sold 2,325 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the sale, the insider now owns 36,184 shares of the company’s stock, valued at $2,700,411.92. The trade was a 6.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the 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 transaction, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,555 shares of company stock worth $4,721,336. Corporate insiders own 0.26% of the company’s stock.

General Mills Stock Up 1.3 %

GIS stock opened at $65.90 on Tuesday. The business’s 50-day simple moving average is $67.80 and its 200 day simple moving average is $68.26. 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 $36.58 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 3.39 and a beta of 0.10. General Mills, Inc. has a twelve month low of $61.47 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. General Mills’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share. On average, research analysts anticipate that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio is 57.14%.

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.