General Mills, Inc. (NYSE:GIS) Stock Holdings Boosted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 63.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 201,955 shares of the company’s stock after acquiring an additional 78,173 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in General Mills were worth $12,798,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in General Mills in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills in the fourth quarter worth $31,000. Planning Capital Management Corp grew its stake in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of General Mills in the fourth quarter worth $34,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Mills in the fourth quarter worth $38,000. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. TD Cowen decreased their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Bank of America decreased their price objective on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Barclays decreased their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Finally, Citigroup decreased their price target on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.71.

Insider Buying and Selling at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’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 transaction of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the transaction, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

General Mills Stock Performance

General Mills stock opened at $59.53 on Friday. The firm’s 50 day simple moving average is $60.10 and its 200-day simple moving average is $65.70. The company has a market cap of $32.82 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. As a group, equities research analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.03%. General Mills’s payout ratio is presently 52.17%.

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.