Securian Asset Management Inc Sells 277 Shares of General Mills, Inc. (GIS)

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Securian Asset Management Inc lowered its position in shares of General Mills, Inc. (NYSE:GIS) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,260 shares of the company’s stock after selling 277 shares during the quarter. Securian Asset Management Inc’s holdings in General Mills were worth $2,347,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GIS. Hamlin Capital Management LLC purchased a new position in General Mills during the third quarter valued at $48,392,000. Macquarie Group Ltd. lifted its position in General Mills by 23.8% during the third quarter. Macquarie Group Ltd. now owns 5,405,699 shares of the company’s stock valued at $232,013,000 after buying an additional 1,037,852 shares during the period. Wedge Capital Management L L P NC purchased a new position in General Mills during the fourth quarter valued at $33,087,000. Steward Partners Investment Advisory LLC lifted its position in General Mills by 1,566.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 728,867 shares of the company’s stock valued at $28,382,000 after buying an additional 685,139 shares during the period. Finally, Retirement Systems of Alabama lifted its position in General Mills by 191.6% during the third quarter. Retirement Systems of Alabama now owns 811,040 shares of the company’s stock valued at $34,810,000 after buying an additional 532,891 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

In related news, Director R Kerry Clark sold 7,849 shares of General Mills stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $44.26, for a total value of $347,396.74. Following the completion of the sale, the director now directly owns 30,215 shares in the company, valued at approximately $1,337,315.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.59% of the stock is currently owned by company insiders.

GIS has been the subject of several recent analyst reports. Morgan Stanley set a $41.00 price target on General Mills and gave the stock a “hold” rating in a research report on Friday, December 21st. Wells Fargo & Co set a $46.00 price target on General Mills and gave the stock a “buy” rating in a research report on Thursday, December 20th. Piper Jaffray Companies reaffirmed an “average” rating and issued a $47.00 price target on shares of General Mills in a research report on Thursday, December 20th. Guggenheim initiated coverage on General Mills in a research report on Tuesday, January 22nd. They issued a “buy” rating and a $49.00 price target for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of General Mills in a research report on Tuesday, December 18th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. General Mills presently has a consensus rating of “Hold” and a consensus price target of $47.45.

GIS opened at $43.95 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.58 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $26.23 billion, a PE ratio of 14.13, a P/E/G ratio of 1.97 and a beta of 0.76. General Mills, Inc. has a 1 year low of $36.42 and a 1 year high of $56.90.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 19th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04. General Mills had a return on equity of 29.44% and a net margin of 12.48%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same period last year, the company earned $0.82 EPS. General Mills’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts forecast that General Mills, Inc. will post 3.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.49 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.96 annualized dividend and a yield of 4.46%. General Mills’s payout ratio is 63.02%.

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General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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