Ilmarinen Mutual Pension Insurance Co Acquires New Holdings in General Mills, Inc. (NYSE:GIS)

Ilmarinen Mutual Pension Insurance Co bought a new position in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 55,000 shares of the company’s stock, valued at approximately $3,507,000.

Other institutional investors also recently modified their holdings of the company. Gladstone Institutional Advisory LLC grew its position in General Mills by 6.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock worth $304,000 after acquiring an additional 268 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of General Mills by 11.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company’s stock worth $53,211,000 after purchasing an additional 85,612 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 buying an additional 2,926,232 shares during the period. J2 Capital Management Inc bought a new position in General Mills in the 4th quarter valued at approximately $547,000. Finally, Sequoia Financial Advisors LLC boosted its position in General Mills by 15.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company’s stock worth $2,749,000 after buying an additional 5,853 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

GIS has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Stifel Nicolaus reduced their price target on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. TD Cowen decreased their price target on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft reduced their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Finally, Bank of America lowered their price target on shares of General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, March 20th. One research 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.69.

General Mills Stock Down 2.2 %

Shares of NYSE:GIS opened at $59.64 on Friday. The firm has a market cap of $32.87 billion, a P/E ratio of 12.97, a PEG ratio of 1.94 and a beta of 0.15. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. The business’s 50 day simple moving average is $59.97 and its two-hundred day simple moving average is $64.19. 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 (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the business posted $1.17 EPS. General Mills’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 dividend on an annualized basis and a yield of 4.02%. General Mills’s dividend payout ratio (DPR) is currently 52.75%.

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.