Vontobel Holding Ltd. Has $19.27 Million Position in General Mills, Inc. (NYSE:GIS)

Vontobel Holding Ltd. increased its holdings in shares of General Mills, Inc. (NYSE:GISGet Rating) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 247,933 shares of the company’s stock after acquiring an additional 6,477 shares during the period. Vontobel Holding Ltd.’s holdings in General Mills were worth $19,267,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Hartford Investment Management Co. boosted its position in General Mills by 1.5% in the second quarter. Hartford Investment Management Co. now owns 58,555 shares of the company’s stock valued at $4,418,000 after buying an additional 847 shares in the last quarter. Savant Capital LLC boosted its position in General Mills by 11.7% in the second quarter. Savant Capital LLC now owns 6,192 shares of the company’s stock valued at $467,000 after buying an additional 649 shares in the last quarter. Romano Brothers AND Company acquired a new position in General Mills in the third quarter valued at about $707,000. M&G Investment Management Ltd. acquired a new position in General Mills in the third quarter valued at about $227,000. Finally, Trilogy Capital Inc. boosted its position in General Mills by 11.3% in the third quarter. Trilogy Capital Inc. now owns 2,967 shares of the company’s stock valued at $227,000 after buying an additional 302 shares in the last quarter. 74.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on GIS shares. StockNews.com lowered shares of General Mills from a “buy” rating to a “hold” rating in a research report on Thursday, December 8th. Morgan Stanley boosted their price target on shares of General Mills from $71.00 to $73.00 and gave the company an “underweight” rating in a research report on Tuesday, December 20th. Credit Suisse Group upped their target price on shares of General Mills from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 21st. UBS Group reduced their target price on shares of General Mills from $88.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 21st. Finally, The Goldman Sachs Group upped their target price on shares of General Mills from $64.00 to $71.00 and gave the stock a “sell” rating in a research report on Monday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, General Mills has an average rating of “Hold” and a consensus price target of $82.57.

Insider Activity

In other news, insider Shawn P. Ogrady sold 32,114 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $80.50, for a total value of $2,585,177.00. Following the sale, the insider now directly owns 76,045 shares in the company, valued at approximately $6,121,622.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Sean N. Walker sold 27,157 shares of General Mills stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $84.87, for a total transaction of $2,304,814.59. Following the sale, the insider now directly owns 90,975 shares in the company, valued at approximately $7,721,048.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn P. Ogrady sold 32,114 shares of General Mills stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $80.50, for a total transaction of $2,585,177.00. Following the sale, the insider now owns 76,045 shares in the company, valued at $6,121,622.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,829 shares of company stock worth $9,076,630. Corporate insiders own 0.67% of the company’s stock.

General Mills Price Performance

GIS stock opened at $77.01 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.58 and a debt-to-equity ratio of 0.83. General Mills, Inc. has a 12 month low of $61.67 and a 12 month high of $88.34. The firm has a market cap of $45.41 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.50 and a beta of 0.34. The company’s 50-day moving average price is $83.69 and its two-hundred day moving average price is $79.35.

General Mills (NYSE:GISGet Rating) last released its earnings results on Tuesday, December 20th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.06 by $0.04. General Mills had a net margin of 15.02% and a return on equity of 24.09%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.15 billion. On average, analysts anticipate that General Mills, Inc. will post 4.12 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be paid a $0.54 dividend. The ex-dividend date is Monday, January 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.80%. General Mills’s payout ratio is currently 45.09%.

General Mills Company Profile

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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, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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

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