Jensen Investment Management Inc. Has $6.49 Million Holdings in General Mills, Inc. $GIS

Jensen Investment Management Inc. lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,215 shares of the company’s stock after purchasing an additional 2,470 shares during the period. Jensen Investment Management Inc.’s holdings in General Mills were worth $6,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of General Mills by 434.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock worth $1,138,473,000 after buying an additional 15,480,835 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in General Mills during the first quarter worth about $279,570,000. Pacer Advisors Inc. raised its stake in General Mills by 4,775.2% in the 1st quarter. Pacer Advisors Inc. now owns 3,443,981 shares of the company’s stock worth $205,916,000 after purchasing an additional 3,373,338 shares in the last quarter. Nuveen LLC bought a new stake in General Mills in the 1st quarter valued at about $92,717,000. Finally, Federated Hermes Inc. grew its position in shares of General Mills by 178.1% during the 1st quarter. Federated Hermes Inc. now owns 1,520,449 shares of the company’s stock worth $90,908,000 after purchasing an additional 973,798 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. This represents a 5.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

General Mills Stock Up 0.3%

NYSE:GIS opened at $47.47 on Friday. General Mills, Inc. has a one year low of $45.80 and a one year high of $67.40. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market cap of $25.32 billion, a PE ratio of 8.97, a P/E/G ratio of 1.17 and a beta of -0.04. The firm’s 50 day simple moving average is $48.74 and its 200 day simple moving average is $50.83.

General Mills (NYSE:GIS) last issued its quarterly 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. The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. On average, research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, October 10th. General Mills’s dividend payout ratio is 46.12%.

Analyst Ratings Changes

GIS has been the subject of several recent research reports. Morgan Stanley cut their price target on General Mills from $49.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, September 15th. UBS Group cut their target price on General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research report on Thursday, September 18th. HSBC decreased their price target on General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a research report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Mills from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.82.

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.