General Mills, Inc. (NYSE:GIS) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,826 shares of the company’s stock after acquiring an additional 466 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Mills were worth $1,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FWL Investment Management LLC acquired a new stake in General Mills during the fourth quarter worth about $25,000. Almanack Investment Partners LLC. acquired a new stake in shares of General Mills in the third quarter valued at approximately $28,000. Operose Advisors LLC increased its stake in shares of General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills in the fourth quarter valued at approximately $28,000. Finally, HWG Holdings LP increased its stake in shares of General Mills by 107.4% in the second quarter. HWG Holdings LP now owns 450 shares of the company’s stock valued at $35,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling

In related news, insider Jonathon Nudi sold 7,671 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the transaction, the insider now owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other General Mills news, insider Jonathon Nudi sold 7,671 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the sale, the insider now owns 102,924 shares in the company, valued at approximately $6,602,574.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the completion of the sale, the chief executive officer now owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,782 shares of company stock valued at $5,057,820. Company insiders own 0.24% of the company’s stock.

General Mills Trading Up 0.5 %

Shares of NYSE:GIS opened at $68.82 on Thursday. The stock has a market capitalization of $39.08 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.34 and a beta of 0.15. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The company has a 50 day moving average price of $66.59 and a 200 day moving average price of $65.22.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue was down .5% on a year-over-year basis. On average, research analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio is 54.13%.

Analysts Set New Price Targets

GIS has been the topic of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a research note on Thursday, March 21st. Barclays raised their price target on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Morgan Stanley raised their price target on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. increased their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Wells Fargo & Company increased their price objective on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.