B. Metzler seel. Sohn & Co. AG Lowers Stock Position in General Mills, Inc. (NYSE:GIS)

B. Metzler seel. Sohn & Co. AG trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 39.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,826 shares of the company’s stock after selling 28,053 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in General Mills were worth $2,731,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GIS. Gladstone Institutional Advisory LLC increased its holdings in shares of General Mills by 6.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock valued at $304,000 after acquiring an additional 268 shares during the period. JPMorgan Chase & Co. grew its stake in General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after purchasing an additional 2,926,232 shares during the last quarter. J2 Capital Management Inc bought a new position in General Mills in the fourth quarter worth about $547,000. Sequoia Financial Advisors LLC lifted its position in shares of General Mills by 15.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company’s stock valued at $2,749,000 after buying an additional 5,853 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of General Mills by 7.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company’s stock valued at $4,652,000 after buying an additional 4,839 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Trading Down 0.1 %

NYSE GIS opened at $59.70 on Wednesday. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company has a market capitalization of $32.91 billion, a PE ratio of 12.98, a P/E/G ratio of 1.94 and a beta of 0.06. The company has a fifty day moving average of $59.96 and a 200 day moving average of $64.42.

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

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.75%.

Insider Activity at General Mills

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 completion of the transaction, the chief executive officer now owns 353,346 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GIS shares. Piper Sandler reduced their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. TD Cowen decreased their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Wells Fargo & Company dropped their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Barclays decreased their price target on General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Finally, Mizuho lowered their price target on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average target price of $65.69.

General Mills 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.