General Mills, Inc. (NYSE:GIS) Shares Bought by Czech National Bank

Czech National Bank increased its position in General Mills, Inc. (NYSE:GISFree Report) by 6.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 120,370 shares of the company’s stock after acquiring an additional 6,981 shares during the period. Czech National Bank’s holdings in General Mills were worth $7,676,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GIS. Envestnet Asset Management Inc. raised its holdings in General Mills by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 589,423 shares of the company’s stock valued at $37,287,000 after acquiring an additional 35,680 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in shares of General Mills by 7.2% in the second quarter. J.W. Cole Advisors Inc. now owns 11,224 shares of the company’s stock valued at $710,000 after purchasing an additional 758 shares during the period. Brown Brothers Harriman & Co. increased its stake in General Mills by 11.4% in the second quarter. Brown Brothers Harriman & Co. now owns 49,166 shares of the company’s stock valued at $3,110,000 after purchasing an additional 5,025 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in General Mills by 2.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,560,066 shares of the company’s stock worth $225,210,000 after buying an additional 76,074 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in General Mills by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company’s stock worth $342,478,000 after buying an additional 148,235 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the transaction, the chief executive officer now directly owns 355,328 shares in the company, valued at $24,379,054.08. This represents a 11.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,541 shares of company stock worth $3,321,170. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

GIS has been the subject of a number of recent analyst reports. Piper Sandler boosted their target price on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Citigroup reduced their target price on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company cut their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price target on shares of General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $71.31.

View Our Latest Research Report on General Mills

General Mills Stock Performance

General Mills stock opened at $58.82 on Wednesday. General Mills, Inc. has a 12-month low of $58.27 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. The company has a market capitalization of $32.42 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 3.47 and a beta of 0.11. The firm’s fifty day moving average price is $64.15 and its 200 day moving average price is $67.64.

General Mills (NYSE:GISGet Free Report) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. On average, research analysts forecast that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio is 52.17%.

General Mills Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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