Nisa Investment Advisors LLC Has $13.22 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Nisa Investment Advisors LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 202,874 shares of the company’s stock after acquiring an additional 11,471 shares during the quarter. Nisa Investment Advisors LLC’s holdings in General Mills were worth $13,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIS. Moneta Group Investment Advisors LLC increased its stake in General Mills by 123,599.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,076,005 shares of the company’s stock valued at $928,723,000 after buying an additional 11,067,051 shares during the last quarter. Norges Bank acquired a new stake in shares of General Mills in the fourth quarter valued at about $382,081,000. Price T Rowe Associates Inc. MD raised its holdings in General Mills by 101.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,935,085 shares of the company’s stock worth $592,673,000 after acquiring an additional 3,496,741 shares in the last quarter. Nordea Investment Management AB boosted its position in General Mills by 48.7% during the third quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after purchasing an additional 1,654,111 shares during the last quarter. Finally, Morgan Stanley grew its stake in General Mills by 14.6% in the fourth quarter. Morgan Stanley now owns 8,249,549 shares of the company’s stock valued at $691,725,000 after purchasing an additional 1,051,169 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the transaction, the chief executive officer now owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The disclosure for this sale can be found here. Insiders sold 77,782 shares of company stock valued at $5,057,820 in the last three months. Corporate insiders own 0.24% of the company’s stock.

General Mills Stock Performance

GIS opened at $69.99 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market capitalization of $39.75 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.41 and a beta of 0.15. The business has a fifty day simple moving average of $66.11 and a 200 day simple moving average of $65.05. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. General Mills’s quarterly revenue was down .5% on a year-over-year basis. Research analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a yield of 3.37%. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

Analysts Set New Price Targets

GIS has been the topic of a number of analyst reports. Barclays upped their price objective on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. Bank of America increased their price target on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Citigroup began coverage on shares of General Mills in a research note on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective on the stock. HSBC upped their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Finally, Stifel Nicolaus lifted their price target on General Mills from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $72.18.

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