Unigestion Holding SA Has $9.13 Million Stake in General Mills, Inc. (NYSE:GIS)

Unigestion Holding SA cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 41.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 143,282 shares of the company’s stock after selling 102,072 shares during the period. Unigestion Holding SA’s holdings in General Mills were worth $9,134,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. RFG Advisory LLC lifted its position in shares of General Mills by 2.6% in the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after buying an additional 172 shares during the last quarter. TCW Group Inc. lifted its holdings in General Mills by 0.8% during the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock valued at $1,471,000 after purchasing an additional 194 shares during the last quarter. Quadrant Private Wealth Management LLC increased its holdings in shares of General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock valued at $356,000 after purchasing an additional 197 shares during the last quarter. Howard Capital Management Inc. raised its position in shares of General Mills by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock valued at $250,000 after purchasing an additional 198 shares during the period. Finally, LRI Investments LLC lifted its stake in shares of General Mills by 5.9% during the 3rd quarter. LRI Investments LLC now owns 3,593 shares of the company’s stock worth $265,000 after buying an additional 200 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred 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 $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. TD Cowen lowered their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus dropped their price target on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Piper Sandler decreased their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Citigroup dropped their target price on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Finally, Barclays decreased their price target on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, General Mills currently has an average rating of “Hold” and an average target price of $65.69.

General Mills Stock Performance

Shares of NYSE:GIS opened at $59.64 on Friday. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The stock has a market capitalization of $32.87 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. 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’s 50 day simple moving average is $59.97 and its 200 day simple moving average is $64.19.

General Mills (NYSE:GIS) last issued its quarterly earnings results 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. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the company posted $1.17 EPS. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business 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 $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend 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.