Janus Henderson Group PLC Sells 900 Shares of General Mills, Inc. (NYSE:GIS)

Janus Henderson Group PLC lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 1.0% during the third quarter, Holdings Channel reports. The fund owned 85,588 shares of the company’s stock after selling 900 shares during the period. Janus Henderson Group PLC’s holdings in General Mills were worth $6,320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Values First Advisors Inc. acquired a new stake in shares of General Mills in the third quarter valued at approximately $27,000. First Foundation Advisors increased its stake in shares of General Mills by 400.0% in the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 400 shares during the period. Planning Capital Management Corp raised its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after acquiring an additional 193 shares during the last quarter. TruNorth Capital Management LLC acquired a new position in shares of General Mills during the second quarter valued at $38,000. Finally, Fairscale Capital LLC acquired a new position in shares of General Mills during the second quarter valued at $42,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 1,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction on Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares in the company, valued at $2,700,411.92. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,555 shares of company stock worth $4,721,336. Corporate insiders own 0.26% of the company’s stock.

General Mills Trading Up 1.3 %

NYSE:GIS opened at $65.90 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The business’s 50-day simple moving average is $67.80 and its 200-day simple moving average is $68.26. General Mills, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $75.90. The stock has a market capitalization of $36.58 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 3.39 and a beta of 0.10.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Sell-side analysts expect that General Mills, Inc. will post 4.5 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio is presently 57.14%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GIS. Wells Fargo & Company dropped their price objective on General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. boosted their price target on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Citigroup raised their price objective on shares of General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Barclays upped their target price on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Finally, The Goldman Sachs Group started coverage on General Mills in a research report on Monday, August 12th. They issued a “buy” rating and a $76.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.67.

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.