US Bancorp DE reduced its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,048,211 shares of the company’s stock after selling 110,478 shares during the quarter. US Bancorp DE owned approximately 0.51% of General Mills worth $134,915,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of General Mills by 9.3% during the 1st quarter. BlackRock Inc. now owns 47,261,193 shares of the company’s stock worth $2,129,588,000 after buying an additional 4,033,152 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of General Mills by 2.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,682,121 shares of the company’s stock worth $1,048,171,000 after buying an additional 598,315 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of General Mills by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,644,795 shares of the company’s stock worth $338,359,000 after buying an additional 46,939 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of General Mills by 36.4% during the 1st quarter. Schroder Investment Management Group now owns 4,915,769 shares of the company’s stock worth $221,504,000 after buying an additional 1,311,067 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of General Mills by 8.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,111,865 shares of the company’s stock worth $181,992,000 after buying an additional 317,122 shares in the last quarter. 71.75% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Jeffrey L. Harmening acquired 6,000 shares of the business’s stock in a transaction on Wednesday, May 23rd. The shares were bought at an average cost of $42.18 per share, with a total value of $253,080.00. Following the completion of the transaction, the chief executive officer now directly owns 114,696 shares of the company’s stock, valued at approximately $4,837,877.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn P. Ogrady sold 82,244 shares of the firm’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $45.50, for a total value of $3,742,102.00. Following the completion of the transaction, the insider now directly owns 187,948 shares in the company, valued at $8,551,634. The disclosure for this sale can be found here. Insiders sold 158,018 shares of company stock worth $7,114,487 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Several equities analysts recently weighed in on GIS shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of General Mills in a research note on Wednesday, June 27th. ValuEngine downgraded General Mills from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Citigroup dropped their price objective on General Mills from $61.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, June 29th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, Goldman Sachs Group raised General Mills from a “sell” rating to a “neutral” rating and set a $47.00 price objective for the company in a research note on Wednesday, May 16th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $50.71.

Shares of General Mills stock opened at $47.69 on Monday. General Mills, Inc. has a twelve month low of $41.01 and a twelve month high of $60.69. The firm has a market capitalization of $26.81 billion, a P/E ratio of 15.33, a PEG ratio of 1.74 and a beta of 0.77. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.34 and a current ratio of 0.56.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, June 27th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.07. General Mills had a return on equity of 35.14% and a net margin of 13.54%. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. equities research analysts predict that General Mills, Inc. will post 3.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 1st. Shareholders of record on Tuesday, July 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Monday, July 9th. General Mills’s dividend payout ratio (DPR) is presently 63.02%.

About General Mills

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, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

Further Reading: Market Capitalization in the Stock Market

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

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