Lindbrook Capital LLC Increases Holdings in General Mills, Inc. (NYSE:GIS)

Lindbrook Capital LLC raised its position in shares of General Mills, Inc. (NYSE:GIS) by 33.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,300 shares of the company’s stock after purchasing an additional 820 shares during the quarter. Lindbrook Capital LLC’s holdings in General Mills were worth $215,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Nordea Investment Management AB raised its holdings in General Mills by 48.7% in the 3rd quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock worth $325,728,000 after acquiring an additional 1,654,111 shares during the last quarter. American Century Companies Inc. raised its stake in shares of General Mills by 257.7% in the third quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after purchasing an additional 765,070 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of General Mills by 6,893.6% during the fourth quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock valued at $33,361,000 after purchasing an additional 504,816 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of General Mills by 55.9% during the third quarter. Canada Pension Plan Investment Board now owns 1,141,913 shares of the company’s stock valued at $73,071,000 after purchasing an additional 409,588 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in General Mills by 40.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,315,744 shares of the company’s stock worth $84,207,000 after buying an additional 380,855 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GIS shares. HSBC upped their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Stifel Nicolaus restated a “buy” rating and issued a $77.00 target price on shares of General Mills in a report on Monday. Barclays lifted their target price on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $72.00 price target on shares of General Mills in a report on Thursday, March 21st. Finally, Wells Fargo & Company raised their price target on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.18.

General Mills Stock Performance

NYSE GIS opened at $71.17 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The business has a 50-day moving average price of $67.01 and a 200-day moving average price of $65.39. The firm has a market cap of $40.42 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 2.43 and a beta of 0.15.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts predict that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a yield of 3.32%. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

Insider Activity

In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the sale, the chief executive officer now owns 318,483 shares in the company, valued at approximately $20,523,044.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total value of $3,870,008.64. Following the transaction, the chief executive officer now owns 318,483 shares in the company, valued at $20,523,044.52. The disclosure for this sale can be found here. Insiders sold 77,782 shares of company stock valued at $5,057,820 in the last ninety days. Insiders own 0.24% of the company’s stock.

About General Mills

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.