Robeco Institutional Asset Management B.V. Increases Holdings in General Mills, Inc. (NYSE:GIS)

Robeco Institutional Asset Management B.V. increased its position in General Mills, Inc. (NYSE:GIS) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 670,351 shares of the company’s stock after acquiring an additional 47,250 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.12% of General Mills worth $42,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board raised its stake in shares of General Mills by 70.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,535 shares of the company’s stock worth $1,362,000 after buying an additional 8,887 shares during the last quarter. NewEdge Advisors LLC raised its position in General Mills by 17.5% during the second quarter. NewEdge Advisors LLC now owns 39,207 shares of the company’s stock worth $2,480,000 after acquiring an additional 5,849 shares during the last quarter. EP Wealth Advisors LLC raised its position in General Mills by 0.8% during the second quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock worth $1,368,000 after acquiring an additional 172 shares during the last quarter. Birmingham Capital Management Co. Inc. AL grew its position in shares of General Mills by 1.9% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 13,640 shares of the company’s stock valued at $863,000 after purchasing an additional 250 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of General Mills during the 2nd quarter worth approximately $3,202,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now directly owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and increased their price objective for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft cut their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, General Mills has an average rating of “Hold” and an average target price of $70.94.

General Mills Stock Performance

Shares of NYSE:GIS opened at $59.94 on Thursday. The business has a 50-day moving average of $63.23 and a two-hundred day moving average of $67.42. The firm has a market capitalization of $33.04 billion, a PE ratio of 13.03, a P/E/G ratio of 3.70 and a beta of 0.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a 12 month low of $57.94 and a 12 month high of $75.90.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The company’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. 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 4.00%. General Mills’s dividend payout ratio (DPR) is 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.