XTX Topco Ltd Sells 15,216 Shares of General Mills, Inc. (NYSE:GIS)

XTX Topco Ltd lessened its stake in General Mills, Inc. (NYSE:GIS) by 32.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,731 shares of the company’s stock after selling 15,216 shares during the period. XTX Topco Ltd’s holdings in General Mills were worth $2,023,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GIS. Barclays PLC lifted its stake in General Mills by 1.2% in the third quarter. Barclays PLC now owns 1,634,280 shares of the company’s stock valued at $120,691,000 after buying an additional 19,290 shares during the period. Bard Financial Services Inc. raised its position in shares of General Mills by 0.6% in the 3rd quarter. Bard Financial Services Inc. now owns 108,475 shares of the company’s stock valued at $8,011,000 after acquiring an additional 700 shares during the period. Sanctuary Advisors LLC boosted its stake in General Mills by 16.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 58,822 shares of the company’s stock worth $4,344,000 after acquiring an additional 8,207 shares during the last quarter. World Investment Advisors LLC acquired a new position in General Mills during the third quarter valued at approximately $403,000. Finally, Wilmington Savings Fund Society FSB increased its stake in General Mills by 138.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 37,487 shares of the company’s stock valued at $2,768,000 after purchasing an additional 21,790 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 1.3 %

Shares of NYSE:GIS opened at $57.92 on Monday. The business’s 50 day simple moving average is $59.61 and its 200 day simple moving average is $63.37. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company has a market capitalization of $31.93 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. General Mills’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company 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 annualized dividend and a yield of 4.14%. General Mills’s dividend payout ratio is currently 52.75%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Mizuho decreased their price target on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Morgan Stanley assumed coverage on General Mills in a research note on Monday, March 24th. They issued an “underweight” rating and a $53.00 target price for the company. JPMorgan Chase & Co. dropped their price target on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Jefferies Financial Group boosted their price objective on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $65.69.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s 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 transaction, the chief executive officer now owns 353,346 shares of the company’s stock, valued at $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% 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 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.