General Mills, Inc. $GIS Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 649,383 shares of the company’s stock after selling 22,779 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in General Mills were worth $33,645,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its holdings in shares of General Mills by 25.1% in the second quarter. Y.D. More Investments Ltd now owns 2,061 shares of the company’s stock valued at $104,000 after purchasing an additional 413 shares during the period. Summitry LLC acquired a new position in General Mills in the 2nd quarter valued at $279,000. MTM Investment Management LLC purchased a new position in General Mills during the 2nd quarter worth $106,000. Kingsview Wealth Management LLC lifted its stake in shares of General Mills by 3.5% in the 2nd quarter. Kingsview Wealth Management LLC now owns 11,519 shares of the company’s stock worth $597,000 after acquiring an additional 385 shares during the period. Finally, Jensen Investment Management Inc. boosted its holdings in shares of General Mills by 2.0% in the second quarter. Jensen Investment Management Inc. now owns 125,215 shares of the company’s stock valued at $6,487,000 after acquiring an additional 2,470 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Price Performance

General Mills stock opened at $46.98 on Tuesday. The firm has a market capitalization of $25.06 billion, a PE ratio of 8.88, a P/E/G ratio of 1.17 and a beta of -0.04. General Mills, Inc. has a 52 week low of $45.80 and a 52 week high of $67.40. The firm’s 50-day simple moving average is $48.68 and its 200 day simple moving average is $50.73. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the firm posted $1.07 EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, equities research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, January 9th. General Mills’s payout ratio is currently 46.12%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GIS. Morgan Stanley reduced their price objective on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating for the company in a research report on Monday, September 15th. HSBC cut their price objective on General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research report on Thursday, September 18th. Jefferies Financial Group lowered their price target on shares of General Mills from $51.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, September 8th. UBS Group reduced their price objective on shares of General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research note on Thursday, September 18th. Finally, Bernstein Bank reduced their price target on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.82.

Insider Transactions at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction of $200,160.00. Following the sale, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. This represents a 5.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

General Mills 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.