National Pension Service Has $32.37 Million Stake in General Mills, Inc. (GIS)

National Pension Service grew its position in shares of General Mills, Inc. (NYSE:GIS) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 546,002 shares of the company’s stock after acquiring an additional 31,118 shares during the quarter. National Pension Service’s holdings in General Mills were worth $32,372,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in GIS. Davis R M Inc. boosted its holdings in shares of General Mills by 0.8% during the second quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock valued at $233,000 after acquiring an additional 34 shares during the period. Tdam USA Inc. boosted its holdings in shares of General Mills by 0.4% during the second quarter. Tdam USA Inc. now owns 28,063 shares of the company’s stock valued at $1,543,000 after acquiring an additional 116 shares during the period. Advisor Partners LLC boosted its holdings in shares of General Mills by 16.1% during the second quarter. Advisor Partners LLC now owns 9,651 shares of the company’s stock valued at $535,000 after acquiring an additional 1,338 shares during the period. Greatmark Investment Partners Inc. lifted its holdings in General Mills by 14.7% in the second quarter. Greatmark Investment Partners Inc. now owns 33,806 shares of the company’s stock worth $1,873,000 after purchasing an additional 4,340 shares during the period. Finally, Pioneer Investment Management Inc. lifted its holdings in General Mills by 44.6% in the second quarter. Pioneer Investment Management Inc. now owns 493,058 shares of the company’s stock worth $27,315,000 after purchasing an additional 152,158 shares during the period. 72.58% of the stock is owned by institutional investors.

Shares of General Mills, Inc. (NYSE:GIS) opened at $58.66 on Friday. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $63.73. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. The firm has a market cap of $33,641.87, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.61 and a beta of 0.66.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company earned $0.85 EPS. General Mills’s revenue was up 2.1% on a year-over-year basis. equities research analysts anticipate that General Mills, Inc. will post 3.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, January 9th. General Mills’s payout ratio is 71.79%.

GIS has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Jefferies Group initiated coverage on shares of General Mills in a report on Friday, October 20th. They issued a “hold” rating and a $56.00 price objective for the company. Royal Bank of Canada set a $58.00 price objective on shares of General Mills and gave the stock a “hold” rating in a report on Monday, October 23rd. Wells Fargo & Co raised shares of General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 price objective for the company in a report on Monday, December 18th. Finally, Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.17.

In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the completion of the sale, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

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About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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

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