Robeco Institutional Asset Management B.V. Sells 30,863 Shares of General Mills, Inc. $GIS

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in General Mills by 23.6%, selling 30,863 shares and holding 99,939 shares valued at approximately $5.18 million.
• Several investment firms altered their positions in General Mills, with Charles Schwab increasing its holdings by 434.8% in the first quarter, now owning over 19 million shares valued at over $1.13 billion.
• General Mills announced a quarterly dividend of $0.61 per share, yielding 4.9%, to be paid on November 3rd to shareholders on record as of October 10th.

Robeco Institutional Asset Management B.V. lessened its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 23.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,939 shares of the company's stock after selling 30,863 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in General Mills were worth $5,178,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GIS. Charles Schwab Investment Management Inc. grew its holdings in shares of General Mills by 434.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company's stock valued at $1,138,473,000 after acquiring an additional 15,480,835 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of General Mills in the 1st quarter valued at about $279,570,000. Pacer Advisors Inc. grew its holdings in shares of General Mills by 4,775.2% in the 1st quarter. Pacer Advisors Inc. now owns 3,443,981 shares of the company's stock valued at $205,916,000 after acquiring an additional 3,373,338 shares in the last quarter. Nuveen LLC bought a new position in shares of General Mills in the 1st quarter valued at about $92,717,000. Finally, Federated Hermes Inc. grew its holdings in shares of General Mills by 178.1% in the 1st quarter. Federated Hermes Inc. now owns 1,520,449 shares of the company's stock valued at $90,908,000 after acquiring an additional 973,798 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

Insider Buying and Selling

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $50.04, for a total transaction of $200,160.00. Following the completion of the transaction, the insider directly owned 66,593 shares in the company, valued at $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GIS shares. JPMorgan Chase & Co. restated an "underweight" rating and issued a $45.00 price objective (down previously from $53.00) on shares of General Mills in a report on Wednesday, August 20th. Bernstein Bank decreased their price objective on General Mills from $55.00 to $54.00 and set a "market perform" rating for the company in a report on Thursday, September 18th. Weiss Ratings restated a "hold (c-)" rating on shares of General Mills in a report on Saturday, September 27th. Wall Street Zen raised General Mills from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, UBS Group dropped their price objective on General Mills from $49.00 to $47.00 and set a "sell" rating on the stock in a research note 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 MarketBeat, the company has an average rating of "Hold" and an average target price of $55.82.

General Mills Trading Down 0.4%

Shares of GIS stock opened at $50.18 on Tuesday. The firm has a 50 day moving average price of $49.74 and a two-hundred day moving average price of $52.91. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $26.77 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 1.27 and a beta of -0.03. General Mills, Inc. has a 12-month low of $48.29 and a 12-month high of $73.74.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The business's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. As a group, analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, October 10th. General Mills's payout ratio is currently 46.12%.

About General Mills

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.

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