APG Asset Management N.V. Has $57.77 Million Stake in General Mills, Inc. (NYSE:GIS)

APG Asset Management N.V. decreased its position in General Mills, Inc. (NYSE:GIS) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 978,788 shares of the company’s stock after selling 125,700 shares during the quarter. APG Asset Management N.V. owned about 0.18% of General Mills worth $57,773,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its stake in shares of General Mills by 41.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 36,503 shares of the company’s stock worth $2,309,000 after purchasing an additional 10,765 shares during the last quarter. Optimist Retirement Group LLC bought a new position in General Mills during the fourth quarter valued at about $1,171,000. State Board of Administration of Florida Retirement System lifted its position in shares of General Mills by 5.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 688,543 shares of the company’s stock worth $48,177,000 after buying an additional 38,021 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of General Mills by 16.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 696,170 shares of the company’s stock worth $48,711,000 after acquiring an additional 96,712 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of General Mills by 92.5% during the 1st quarter. iA Global Asset Management Inc. now owns 48,721 shares of the company’s stock valued at $3,409,000 after acquiring an additional 23,411 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the sale, the insider now directly owns 36,184 shares of the company’s stock, valued at $2,700,411.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the subject of several analyst reports. Evercore ISI reduced their target price on General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a report on Friday, June 28th. Wells Fargo & Company boosted their price objective on shares of General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Stifel Nicolaus raised their target price on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Barclays boosted their target price on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Finally, Argus reaffirmed a “hold” rating on shares of General Mills in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, General Mills presently has an average rating of “Hold” and an average target price of $72.73.

General Mills Trading Up 0.3 %

General Mills stock opened at $73.99 on Friday. The business has a 50 day moving average price of $70.53 and a two-hundred day moving average price of $68.73. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $75.90. The stock has a market cap of $41.30 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. General Mills’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. As a group, equities analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.24%. General Mills’s payout ratio is currently 55.68%.

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.