Thrivent Financial for Lutherans Has $3.33 Million Holdings in General Mills, Inc. (NYSE:GIS)

Thrivent Financial for Lutherans raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 6.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 45,028 shares of the company’s stock after purchasing an additional 2,907 shares during the period. Thrivent Financial for Lutherans’ holdings in General Mills were worth $3,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Claro Advisors LLC boosted its holdings in General Mills by 44.8% during the 3rd quarter. Claro Advisors LLC now owns 5,901 shares of the company’s stock worth $436,000 after acquiring an additional 1,825 shares during the last quarter. Ceera Investments LLC boosted its holdings in General Mills by 10.4% during the third quarter. Ceera Investments LLC now owns 7,666 shares of the company’s stock worth $566,000 after purchasing an additional 725 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in General Mills in the 3rd quarter worth about $772,000. South Street Advisors LLC bought a new position in shares of General Mills during the 3rd quarter worth approximately $225,000. Finally, Natixis Advisors LLC boosted its stake in shares of General Mills by 1.4% in the 3rd quarter. Natixis Advisors LLC now owns 130,210 shares of the company’s stock worth $9,616,000 after buying an additional 1,758 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen lifted their price target on General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, September 20th. JPMorgan Chase & Co. lifted their target price on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Stifel Nicolaus increased their price target on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays lifted their price objective on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Finally, The Goldman Sachs Group started coverage on shares of General Mills in a research report on Monday, August 12th. They set a “buy” rating and a $76.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, General Mills currently has an average rating of “Hold” and an average price target of $72.67.

General Mills Stock Performance

Shares of GIS opened at $65.53 on Tuesday. General Mills, Inc. has a 12-month low of $61.47 and a 12-month high of $75.90. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. The company has a market cap of $36.38 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 3.38 and a beta of 0.11. The stock has a 50-day moving average price of $69.46 and a 200-day moving average price of $68.59.

General Mills (NYSE:GIS) last announced 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. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. General Mills’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share. As a group, equities analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given 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 yield of 3.66%. General Mills’s payout ratio is 57.14%.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the sale, the chief executive officer now directly owns 355,328 shares of the company’s stock, valued at $24,379,054.08. The trade was a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 36,184 shares in the company, valued at approximately $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. Insiders sold a total of 67,555 shares of company stock valued at $4,721,336 over the last 90 days. Insiders own 0.26% of the company’s stock.

General Mills 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.