Twin Capital Management Inc. Has $2.01 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Twin Capital Management Inc. cut its stake in General Mills, Inc. (NYSE:GIS) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,891 shares of the company’s stock after selling 892 shares during the period. Twin Capital Management Inc.’s holdings in General Mills were worth $2,012,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GIS. FWL Investment Management LLC acquired a new position in General Mills during the 4th quarter worth about $25,000. Almanack Investment Partners LLC. acquired a new position in shares of General Mills in the 3rd quarter valued at about $28,000. Operose Advisors LLC lifted its stake in shares of General Mills by 214.1% in the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of General Mills in the 4th quarter valued at about $28,000. Finally, HWG Holdings LP lifted its stake in shares of General Mills by 107.4% in the 2nd quarter. HWG Holdings LP now owns 450 shares of the company’s stock valued at $35,000 after purchasing an additional 233 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on GIS. Barclays upped their price target on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. TD Cowen upped their price target on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. upped their price target on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. HSBC upped their price target on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Finally, Wells Fargo & Company boosted their price objective on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.18.

Insider Activity at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the sale, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the completion of the sale, the chief executive officer now owns 318,483 shares in the company, valued at approximately $20,523,044.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,782 shares of company stock worth $5,057,820. 0.24% of the stock is owned by corporate insiders.

General Mills Trading Up 0.8 %

Shares of GIS stock opened at $69.09 on Friday. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The firm has a fifty day moving average price of $66.69 and a 200-day moving average price of $65.24. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market cap of $39.24 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.36 and a beta of 0.15.

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

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) is 54.13%.

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