B. Metzler seel. Sohn & Co. Holding AG Takes Position in General Mills, Inc. (NYSE:GIS)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of General Mills, Inc. (NYSE:GIS) during the third quarter, Holdings Channel reports. The fund bought 70,879 shares of the company’s stock, valued at approximately $5,234,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. raised its holdings in shares of General Mills by 65.0% in the 1st quarter. Bessemer Group Inc. now owns 111,741 shares of the company’s stock valued at $7,819,000 after acquiring an additional 44,038 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in General Mills by 45.8% in the 1st quarter. Lake Street Advisors Group LLC now owns 5,461 shares of the company’s stock worth $382,000 after buying an additional 1,715 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of General Mills by 121.1% in the 1st quarter. National Bank of Canada FI now owns 436,692 shares of the company’s stock worth $30,868,000 after buying an additional 239,191 shares during the last quarter. Pitcairn Co. raised its position in shares of General Mills by 44.8% during the 1st quarter. Pitcairn Co. now owns 10,824 shares of the company’s stock valued at $757,000 after buying an additional 3,347 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its position in General Mills by 71.3% in the first quarter. CreativeOne Wealth LLC now owns 10,604 shares of the company’s stock worth $742,000 after acquiring an additional 4,413 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the transaction, the chief executive officer now directly owns 355,328 shares of the company’s stock, valued at approximately $24,379,054.08. This trade represents a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,555 shares of company stock worth $4,721,336. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Performance

Shares of GIS opened at $62.78 on Wednesday. General Mills, Inc. has a 52 week low of $61.47 and a 52 week high of $75.90. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The stock has a market cap of $34.85 billion, a P/E ratio of 14.95, a P/E/G ratio of 3.25 and a beta of 0.11. The business’s 50 day moving average price is $70.18 and its 200-day moving average price is $68.73.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. Equities research analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

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 issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GIS. Stifel Nicolaus upped their price objective on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Thursday, September 19th. JPMorgan Chase & Co. upped their price target on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Citigroup raised their price objective on General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Barclays increased their target price on General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, General Mills has an average rating of “Hold” and a consensus price target of $72.67.

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 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.