OLD National Bancorp IN Has $1.35 Million Stock Position in General Mills, Inc. (NYSE:GIS)

OLD National Bancorp IN trimmed its position in General Mills, Inc. (NYSE:GIS) by 23.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,647 shares of the company’s stock after selling 6,222 shares during the quarter. OLD National Bancorp IN’s holdings in General Mills were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. L.M. Kohn & Company lifted its stake in shares of General Mills by 2.6% in the third quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock worth $386,000 after buying an additional 155 shares during the last quarter. Traverso Chambers Private Wealth Management LLC raised its stake in General Mills by 1.0% during the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after purchasing an additional 156 shares during the last quarter. TrueWealth Advisors LLC raised its stake in General Mills by 4.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock valued at $246,000 after purchasing an additional 158 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in General Mills by 4.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,170 shares of the company’s stock valued at $267,000 after purchasing an additional 160 shares during the last quarter. Finally, Csenge Advisory Group raised its stake in General Mills by 1.0% during the 3rd quarter. Csenge Advisory Group now owns 16,079 shares of the company’s stock valued at $1,029,000 after purchasing an additional 164 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Down 0.5 %

Shares of NYSE GIS opened at $70.82 on Wednesday. The firm’s 50-day moving average is $67.17 and its 200-day moving average is $65.45. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The firm has a market capitalization of $40.22 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.46 and a beta of 0.15. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the firm earned $0.97 EPS. General Mills’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Tuesday, April 9th. General Mills’s payout ratio is currently 54.13%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the transaction, the insider now owns 102,924 shares of the company’s stock, valued at $6,602,574.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 17,726 shares of company stock valued at $1,187,811. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on GIS. Wells Fargo & Company upped their target price on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Morgan Stanley upped their target price on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a report on Thursday, March 21st. HSBC boosted their price target on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Finally, TD Cowen boosted their price target on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.