General Mills, Inc. (NYSE:GIS) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,024 shares of the company’s stock after buying an additional 495 shares during the period. Vinva Investment Management Ltd’s holdings in General Mills were worth $1,787,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its holdings 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. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in General Mills by 0.8% during the third 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 in the last quarter. Providence Capital Advisors LLC raised its holdings in General Mills by 1.0% during the third quarter. Providence Capital Advisors LLC now owns 38,641 shares of the company’s stock worth $2,854,000 after purchasing an additional 377 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in General Mills by 80.4% during the third quarter. CreativeOne Wealth LLC now owns 13,362 shares of the company’s stock worth $987,000 after purchasing an additional 5,955 shares in the last quarter. Finally, Townsquare Capital LLC raised its holdings in General Mills by 4.0% during the third quarter. Townsquare Capital LLC now owns 60,018 shares of the company’s stock worth $4,432,000 after purchasing an additional 2,290 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GIS has been the subject of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Thursday, September 19th. Barclays increased their target price on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Citigroup increased their target price on shares of General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, September 16th. JPMorgan Chase & Co. increased their target price on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, Stifel Nicolaus increased their target price on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and an average price target of $72.67.

Insider Buying and Selling

In other General Mills news, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction on Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the transaction, the insider now owns 36,184 shares in the company, valued at approximately $2,700,411.92. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,555 shares of company stock worth $4,721,336. 0.26% of the stock is owned by insiders.

General Mills Stock Up 0.1 %

GIS stock opened at $66.28 on Friday. The company’s 50 day simple moving average is $68.78 and its 200-day simple moving average is $68.49. The firm has a market capitalization of $36.80 billion, a PE ratio of 15.78, a P/E/G ratio of 3.44 and a beta of 0.11. General Mills, Inc. has a 12 month low of $61.47 and a 12 month high of $75.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business earned $1.09 earnings per share. General Mills’s revenue was down 1.2% compared to the same quarter last year. Equities analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.62%. General Mills’s dividend payout ratio (DPR) is currently 57.14%.

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.