General Mills, Inc. (NYSE:GIS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 42.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,730 shares of the company’s stock after selling 13,300 shares during the period. Everence Capital Management Inc.’s holdings in General Mills were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GIS. Vanguard Group Inc. grew its stake in General Mills by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 60,298,880 shares of the company’s stock valued at $4,219,113,000 after acquiring an additional 8,444,312 shares during the last quarter. Capital Research Global Investors lifted its holdings in General Mills by 22.3% in the 1st quarter. Capital Research Global Investors now owns 13,650,388 shares of the company’s stock valued at $955,118,000 after purchasing an additional 2,488,341 shares in the last quarter. American Century Companies Inc. lifted its holdings in General Mills by 100.4% in the 2nd quarter. American Century Companies Inc. now owns 4,728,710 shares of the company’s stock valued at $299,138,000 after purchasing an additional 2,368,563 shares in the last quarter. Wulff Hansen & CO. lifted its holdings in General Mills by 6,140.4% in the 2nd quarter. Wulff Hansen & CO. now owns 945,421 shares of the company’s stock valued at $59,807,000 after purchasing an additional 930,271 shares in the last quarter. Finally, Swedbank AB purchased a new position in General Mills in the 1st quarter valued at about $36,177,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Mills

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares of the company’s stock, valued at $2,700,411.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other General Mills news, insider Jonathon Nudi sold 9,647 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.39, for a total value of $717,640.33. Following the completion of the sale, the insider now owns 128,664 shares of the company’s stock, valued at $9,571,314.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the sale, the insider now directly owns 36,184 shares of the company’s stock, valued at $2,700,411.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,055 shares of company stock valued at $1,467,311 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

General Mills Trading Down 1.5 %

NYSE GIS traded down $1.04 during mid-day trading on Monday, hitting $68.89. The company’s stock had a trading volume of 1,468,016 shares, compared to its average volume of 3,901,272. General Mills, Inc. has a 52-week low of $61.47 and a 52-week high of $75.90. The stock’s fifty day simple moving average is $72.36 and its two-hundred day simple moving average is $69.21. 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 firm has a market capitalization of $38.45 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 3.71 and a beta of 0.10.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating the consensus estimate 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 firm posted $1.09 earnings per share. General Mills’s revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.48%. The ex-dividend date is Thursday, October 10th. General Mills’s dividend payout ratio (DPR) is 55.68%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Argus restated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. Evercore ISI reduced their target price on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a report on Friday, June 28th. Bank of America upped their target price on shares of General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group began coverage on shares of General Mills in a report on Monday, August 12th. They issued a “buy” rating and a $76.00 target price on the stock. Finally, TD Cowen increased their price objective on shares of General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.00.

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.