Public Sector Pension Investment Board Has $1.36 Million Stake in General Mills, Inc. (NYSE:GIS)

Public Sector Pension Investment Board grew its stake in General Mills, Inc. (NYSE:GIS) by 70.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,535 shares of the company’s stock after buying an additional 8,887 shares during the period. Public Sector Pension Investment Board’s holdings in General Mills were worth $1,362,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GIS. Aveo Capital Partners LLC acquired a new position in General Mills during the fourth quarter valued at approximately $213,000. TFO Wealth Partners LLC boosted its holdings in shares of General Mills by 22,610.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,271 shares of the company’s stock worth $148,000 after buying an additional 2,261 shares during the period. Scotia Capital Inc. grew its stake in General Mills by 29.1% in the 4th quarter. Scotia Capital Inc. now owns 8,372 shares of the company’s stock valued at $545,000 after buying an additional 1,886 shares during the last quarter. NEOS Investment Management LLC raised its holdings in General Mills by 37.8% in the 4th quarter. NEOS Investment Management LLC now owns 8,219 shares of the company’s stock worth $535,000 after acquiring an additional 2,253 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in General Mills by 3.5% in the 4th quarter. Rafferty Asset Management LLC now owns 45,106 shares of the company’s stock worth $2,938,000 after acquiring an additional 1,507 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the business’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 value of $173,514.75. Following the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jonathon Nudi sold 9,647 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was 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 directly owns 128,664 shares in the company, valued at $9,571,314.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the transaction, the insider now owns 36,184 shares in the company, valued at approximately $2,700,411.92. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. lowered their target price on General Mills from $70.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Thursday, September 19th. TD Cowen increased their price objective on General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Citigroup boosted their target price on shares of General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $72.73.

General Mills Trading Up 1.0 %

GIS stock opened at $74.62 on Wednesday. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $75.90. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $71.30 and its 200-day moving average is $68.98. The firm has a market cap of $41.65 billion, a P/E ratio of 17.31, a P/E/G ratio of 3.82 and a beta of 0.10.

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

General Mills Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.22%. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

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.