Qsemble Capital Management LP Makes New $1.62 Million Investment in General Mills, Inc. (NYSE:GIS)

Qsemble Capital Management LP bought a new position in shares of General Mills, Inc. (NYSE:GIS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,868 shares of the company’s stock, valued at approximately $1,615,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. grew its position in General Mills by 100.4% in the 2nd quarter. American Century Companies Inc. now owns 4,728,710 shares of the company’s stock valued at $299,138,000 after buying an additional 2,368,563 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in shares of General Mills by 6,140.4% in the second quarter. Wulff Hansen & CO. now owns 945,421 shares of the company’s stock valued at $59,807,000 after acquiring an additional 930,271 shares in the last quarter. Swedbank AB acquired a new position in shares of General Mills during the first quarter worth about $36,177,000. International Assets Investment Management LLC increased its stake in shares of General Mills by 6,114.0% during the third quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock worth $33,266,000 after acquiring an additional 443,202 shares during the period. Finally, Legal & General Group Plc lifted its position in General Mills by 6.1% in the second quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock valued at $356,151,000 after purchasing an additional 323,090 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

GIS has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research note on Thursday, September 19th. Barclays increased their price objective on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. TD Cowen boosted their target price on shares of General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Citigroup increased their price target on shares of General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Stifel Nicolaus raised their price objective on General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $72.67.

Insider Buying and Selling

In related news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the sale, the insider now directly owns 36,184 shares in the company, valued at approximately $2,700,411.92. This represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the sale, the director now directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,555 shares of company stock valued at $4,721,336. 0.26% of the stock is currently owned by company insiders.

General Mills Trading Up 0.8 %

Shares of General Mills stock opened at $65.53 on Tuesday. The firm has a market cap of $36.38 billion, a PE ratio of 15.60, a P/E/G ratio of 3.38 and a beta of 0.11. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $75.90. The business’s fifty day moving average is $69.46 and its two-hundred day moving average is $68.59.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. Analysts anticipate that General Mills, Inc. will post 4.51 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, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.66%. General Mills’s payout ratio is 57.14%.

General Mills Company 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.