General Mills, Inc. (NYSE:GIS) Stock Position Raised by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 590.2% during the 4th quarter, HoldingsChannel reports. The firm owned 8,531 shares of the company’s stock after buying an additional 7,295 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in General Mills were worth $544,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC grew its holdings in shares of General Mills by 6.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock valued at $304,000 after buying an additional 268 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of General Mills by 11.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 834,417 shares of the company’s stock valued at $53,211,000 after purchasing an additional 85,612 shares during the period. JPMorgan Chase & Co. lifted its position in shares of General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after purchasing an additional 2,926,232 shares in the last quarter. J2 Capital Management Inc acquired a new stake in shares of General Mills during the fourth quarter worth approximately $547,000. Finally, Sequoia Financial Advisors LLC grew its position in General Mills by 15.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company’s stock valued at $2,749,000 after purchasing an additional 5,853 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The stock was 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 directly owns 353,346 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

General Mills Stock Down 2.2 %

NYSE GIS opened at $59.64 on Monday. The stock’s 50 day simple moving average is $59.97 and its 200 day simple moving average is $64.11. 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 one year low of $55.15 and a one year high of $75.90. The firm has a market cap of $32.87 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.17 earnings per share. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 dividend yield of 4.02%. General Mills’s payout ratio is 52.75%.

Analyst Ratings Changes

A number of equities research analysts have 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 note on Wednesday, February 19th. Jefferies Financial Group boosted their target price on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft reduced their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. TD Cowen dropped their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Finally, Piper Sandler reduced their target price on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.69.

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.