E. Ohman J or Asset Management AB Has $1.58 Million Position in General Mills, Inc. (NYSE:GIS)

E. Ohman J or Asset Management AB increased its holdings in General Mills, Inc. (NYSE:GIS) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,700 shares of the company’s stock after purchasing an additional 2,300 shares during the period. E. Ohman J or Asset Management AB’s holdings in General Mills were worth $1,575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Columbus Macro LLC raised its holdings in shares of General Mills by 57.3% in the 4th quarter. Columbus Macro LLC now owns 25,708 shares of the company’s stock worth $1,639,000 after buying an additional 9,367 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its position in General Mills by 47.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,914 shares of the company’s stock valued at $313,000 after acquiring an additional 1,576 shares during the period. JB Capital LLC raised its stake in General Mills by 5.4% during the fourth quarter. JB Capital LLC now owns 52,030 shares of the company’s stock worth $3,318,000 after acquiring an additional 2,658 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of General Mills by 85.8% during the fourth quarter. Independence Bank of Kentucky now owns 3,230 shares of the company’s stock valued at $206,000 after acquiring an additional 1,492 shares during the period. Finally, KG&L Capital Management LLC boosted its stake in shares of General Mills by 374.9% in the 4th quarter. KG&L Capital Management LLC now owns 22,889 shares of the company’s stock valued at $1,461,000 after purchasing an additional 18,069 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Down 1.5 %

Shares of NYSE:GIS opened at $58.98 on Wednesday. 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 stock has a market cap of $32.51 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 3.88 and a beta of 0.10. The company has a 50 day moving average of $62.87 and a 200-day moving average of $67.30. General Mills, Inc. has a one year low of $57.94 and a one year high of $75.90.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. On average, sell-side analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is 52.17%.

Analyst Ratings Changes

Several brokerages recently issued reports on GIS. Barclays cut their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. TD Cowen dropped their price target on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Citigroup reduced their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, Stifel Nicolaus lowered their target price on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.94.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

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.