General Mills, Inc. (NYSE:GIS) Stock Position Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in General Mills, Inc. (NYSE:GIS) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,417,198 shares of the company’s stock after selling 7,960 shares during the period. Charles Schwab Investment Management Inc.’s holdings in General Mills were worth $252,360,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GIS. American Century Companies Inc. grew its stake in shares of General Mills by 100.4% in the second quarter. American Century Companies Inc. now owns 4,728,710 shares of the company’s stock worth $299,138,000 after purchasing an additional 2,368,563 shares in the last quarter. Wulff Hansen & CO. increased its stake in General Mills by 6,140.4% during the 2nd quarter. Wulff Hansen & CO. now owns 945,421 shares of the company’s stock valued at $59,807,000 after buying an additional 930,271 shares during the period. Swedbank AB bought a new stake in shares of General Mills during the 1st quarter worth about $36,177,000. International Assets Investment Management LLC lifted its stake in shares of General Mills by 6,114.0% in the 3rd quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock worth $33,266,000 after acquiring an additional 443,202 shares during the period. Finally, Ilex Capital Partners UK LLP bought a new position in shares of General Mills in the first quarter valued at approximately $29,199,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America boosted their target price on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Company cut their price objective on General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Stifel Nicolaus boosted their price target on shares of General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Thursday, September 19th. Finally, Piper Sandler increased their target price on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $72.67.

Insider Transactions at General Mills

In related news, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were 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 of the company’s stock, valued at approximately $2,700,411.92. This trade represents a 6.04 % 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, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the sale, the chief executive officer now directly owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,555 shares of company stock valued at $4,721,336 in the last three months. Corporate insiders own 0.26% of the company’s stock.

General Mills Price Performance

NYSE GIS opened at $65.00 on Friday. The company has a 50 day simple moving average of $69.64 and a 200-day simple moving average of $68.63. General Mills, Inc. has a 52-week low of $61.47 and a 52-week high of $75.90. The firm has a market capitalization of $36.09 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 3.26 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39.

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 business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same period in the previous year, the company posted $1.09 EPS. General Mills’s revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is presently 57.14%.

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.