General Mills, Inc. (NYSE:GIS) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of General Mills, Inc. (NYSE:GIS) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 414,806 shares of the company’s stock after acquiring an additional 33,292 shares during the quarter. Sei Investments Co. owned about 0.08% of General Mills worth $26,453,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GIS. Endeavor Private Wealth Inc. acquired a new position in General Mills during the 4th quarter valued at about $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills during the 4th quarter valued at $31,000. VSM Wealth Advisory LLC bought a new stake in shares of General Mills in the 4th quarter worth $32,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of General Mills in the 4th quarter worth $34,000. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GIS. Barclays lowered their target price on General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Mizuho reduced their price objective on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Piper Sandler cut their target price on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Finally, Jefferies Financial Group lifted their price target on General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.69.

Insider Activity at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by company insiders.

General Mills Trading Down 0.7 %

General Mills stock opened at $57.75 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The company’s fifty day simple moving average is $59.95 and its 200-day simple moving average is $64.93. The stock has a market cap of $31.83 billion, a P/E ratio of 12.55, a P/E/G ratio of 1.94 and a beta of 0.06.

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

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.16%. General Mills’s dividend payout ratio is currently 52.75%.

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.