18,712 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new stake in General Mills, Inc. (NYSE:GIS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,712 shares of the company's stock, valued at approximately $1,219,000.

A number of other hedge funds also recently bought and sold shares of GIS. Cibc World Market Inc. raised its holdings in General Mills by 4.8% in the 1st quarter. Cibc World Market Inc. now owns 22,026 shares of the company's stock valued at $1,492,000 after acquiring an additional 1,003 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of General Mills by 45.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,867 shares of the company's stock worth $397,000 after buying an additional 1,828 shares during the last quarter. Candriam Luxembourg S.C.A. increased its holdings in shares of General Mills by 2.1% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 73,176 shares of the company's stock worth $4,955,000 after buying an additional 1,503 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of General Mills by 2.3% during the 1st quarter. Baird Financial Group Inc. now owns 279,604 shares of the company's stock worth $18,935,000 after buying an additional 6,176 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of General Mills by 15.3% during the 1st quarter. Covestor Ltd now owns 1,834 shares of the company's stock worth $124,000 after buying an additional 244 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

Insider Transactions at General Mills

In other news, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction on Wednesday, January 24th. The shares were 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 directly owns 318,483 shares of the company's stock, valued at approximately $20,523,044.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other 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 completion of the sale, the insider now directly owns 93,381 shares of the company's stock, valued at approximately $6,462,899.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills 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 sale, the chief executive officer now owns 318,483 shares in the company, valued at $20,523,044.52. The disclosure for this sale can be found here. In the last three months, insiders sold 77,782 shares of company stock valued at $5,057,820. Insiders own 0.24% of the company's stock.

General Mills Stock Down 1.2 %

GIS stock traded down $0.80 during midday trading on Friday, hitting $66.20. The company's stock had a trading volume of 3,371,932 shares, compared to its average volume of 4,954,941. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $90.89. The firm has a market capitalization of $37.59 billion, a P/E ratio of 15.18, a PEG ratio of 2.31 and a beta of 0.15. The firm has a 50-day simple moving average of $66.36 and a 200-day simple moving average of $65.14.

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

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.56%. General Mills's dividend payout ratio (DPR) is currently 54.13%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GIS. Piper Sandler cut their price target on shares of General Mills from $77.00 to $76.00 and set an "overweight" rating for the company in a report on Friday, December 15th. JPMorgan Chase & Co. raised their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a "neutral" rating in a report on Thursday, March 21st. Citigroup began coverage on shares of General Mills in a report on Thursday, February 1st. They set a "neutral" rating and a $67.00 price target for the company. Mizuho lifted their target price on shares of General Mills from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, March 21st. Finally, Wells Fargo & Company lifted their target price on shares of General Mills from $65.00 to $70.00 and gave the company an "equal weight" rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $72.18.

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