Trexquant Investment LP Has $23.17 Million Stake in General Mills, Inc. (NYSE:GIS)

Trexquant Investment LP grew its holdings in General Mills, Inc. (NYSE:GIS) by 51.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 363,319 shares of the company’s stock after purchasing an additional 123,473 shares during the quarter. Trexquant Investment LP owned about 0.07% of General Mills worth $23,169,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new stake in General Mills in the 4th quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Mills in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Mills in the fourth quarter worth $31,000. VSM Wealth Advisory LLC bought a new position in General Mills during the fourth quarter worth $32,000. Finally, Bank of Jackson Hole Trust acquired a new position in General Mills during the 4th quarter valued at $34,000. 75.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GIS has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley assumed coverage on General Mills in a research report on Monday, March 24th. They set an “underweight” rating and a $53.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a report on Monday, March 17th. Mizuho decreased their price objective on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Finally, Barclays lowered their price objective on General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $65.69.

General Mills Price Performance

NYSE:GIS opened at $59.83 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a market cap of $32.98 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The company’s 50-day moving average price is $59.97 and its two-hundred day moving average price is $64.52.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the business earned $1.17 EPS. General Mills’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.01%. General Mills’s dividend payout ratio is 52.75%.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares of the company’s stock, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

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.