General Mills, Inc. (NYSE:GIS) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its position in shares of General Mills, Inc. (NYSE:GIS) by 16.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 57,423 shares of the company’s stock after buying an additional 8,155 shares during the period. Elo Mutual Pension Insurance Co’s holdings in General Mills were worth $3,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in General Mills in the third quarter valued at $355,000. Townsquare Capital LLC grew its position in shares of General Mills by 4.0% during the 3rd quarter. Townsquare Capital LLC now owns 60,018 shares of the company’s stock valued at $4,432,000 after acquiring an additional 2,290 shares during the period. CreativeOne Wealth LLC increased its stake in shares of General Mills by 80.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 13,362 shares of the company’s stock valued at $987,000 after purchasing an additional 5,955 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in General Mills by 0.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 534,409 shares of the company’s stock worth $39,466,000 after purchasing an additional 3,993 shares during the period. Finally, Public Sector Pension Investment Board boosted its position in General Mills by 11.6% during the third quarter. Public Sector Pension Investment Board now owns 24,035 shares of the company’s stock worth $1,775,000 after purchasing an additional 2,500 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s 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 transaction, the chief executive officer now owns 353,346 shares of the company’s stock, valued at $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Down 1.0 %

Shares of GIS opened at $59.09 on Friday. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. 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 stock has a fifty day simple moving average of $59.97 and a two-hundred day simple moving average of $64.74. The company has a market capitalization of $32.57 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.17 earnings per share. As a group, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

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 issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.75%.

Analyst Ratings Changes

A number of analysts have recently commented on GIS shares. Stifel Nicolaus cut their price objective on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Piper Sandler cut their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Citigroup decreased their price objective on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Morgan Stanley began coverage on shares of General Mills in a research note on Monday, March 24th. They set an “underweight” rating and a $53.00 target price for the company. Finally, Jefferies Financial Group raised their price target on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $65.69.

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.