Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in General Mills, Inc. (NYSE:GIS)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of General Mills, Inc. (NYSE:GIS) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 570,057 shares of the company’s stock after purchasing an additional 35,648 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.10% of General Mills worth $36,353,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. lifted its stake in General Mills by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after purchasing an additional 148 shares during the last quarter. RFG Advisory LLC lifted its stake in General Mills by 2.6% during the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock worth $425,000 after purchasing an additional 172 shares during the last quarter. Planning Capital Management Corp lifted its stake in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. TCW Group Inc. lifted its stake in General Mills by 0.8% during the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock worth $1,471,000 after purchasing an additional 194 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC lifted its stake in General Mills by 3.7% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock worth $356,000 after purchasing an additional 197 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Price Performance

Shares of GIS opened at $65.15 on Tuesday. The firm has a market capitalization of $35.91 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The stock’s fifty day moving average is $60.37 and its 200-day moving average is $65.93.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 3.68%. General Mills’s dividend payout ratio is currently 52.17%.

Analyst Ratings Changes

Several equities analysts recently issued reports on GIS shares. Jefferies Financial Group raised their price objective on General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday. Piper Sandler dropped their target price on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. TD Cowen dropped their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Finally, Barclays dropped their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average price target of $68.65.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

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.