Tokio Marine Asset Management Co. Ltd. Has $1.90 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Tokio Marine Asset Management Co. Ltd. lessened its stake in General Mills, Inc. (NYSE:GIS) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,663 shares of the company’s stock after selling 1,126 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in General Mills were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Arkadios Wealth Advisors boosted its holdings in General Mills by 41.8% in the second quarter. Arkadios Wealth Advisors now owns 36,503 shares of the company’s stock valued at $2,309,000 after acquiring an additional 10,765 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of General Mills by 22.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after purchasing an additional 43,086 shares during the last quarter. iA Global Asset Management Inc. grew its position in shares of General Mills by 92.5% during the 1st quarter. iA Global Asset Management Inc. now owns 48,721 shares of the company’s stock worth $3,409,000 after buying an additional 23,411 shares during the period. DNB Asset Management AS raised its stake in shares of General Mills by 10.5% during the second quarter. DNB Asset Management AS now owns 119,106 shares of the company’s stock worth $7,535,000 after buying an additional 11,334 shares during the last quarter. Finally, Ellsworth Advisors LLC boosted its stake in General Mills by 105.8% in the third quarter. Ellsworth Advisors LLC now owns 144,851 shares of the company’s stock valued at $10,697,000 after acquiring an additional 74,456 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Price Performance

GIS opened at $64.71 on Friday. General Mills, Inc. has a 1 year low of $61.47 and a 1 year high of $75.90. 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 company has a market capitalization of $35.92 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 3.35 and a beta of 0.11. The firm’s fifty day moving average price is $71.10 and its two-hundred day moving average price is $68.93.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (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 analyst estimates of $4.80 billion. During the same period in the prior year, the company posted $1.09 earnings per share. General Mills’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Thursday, October 10th. General Mills’s dividend payout ratio is currently 57.14%.

Insider Transactions at General Mills

In related news, insider Jonathon Nudi sold 9,647 shares of General Mills stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.39, for a total value of $717,640.33. Following the completion of the transaction, the insider now directly owns 128,664 shares in the company, valued at approximately $9,571,314.96. The trade was a 6.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the sale, the chief executive officer now directly owns 355,328 shares in the company, valued at $24,379,054.08. This trade represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock worth $4,657,676 in the last quarter. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Cowen increased their price target on General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. increased their target price on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Bank of America boosted their target price on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Piper Sandler increased their price target on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and an average price target of $73.00.

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.