Great Valley Advisor Group Inc. Boosts Stock Position in General Mills, Inc. (NYSE:GIS)

Great Valley Advisor Group Inc. lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 517.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 51,096 shares of the company’s stock after purchasing an additional 42,819 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in General Mills were worth $3,774,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Values First Advisors Inc. bought a new position in General Mills during the third quarter valued at approximately $27,000. First Foundation Advisors grew its holdings in shares of General Mills by 400.0% during the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Planning Capital Management Corp raised its position in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the period. TruNorth Capital Management LLC bought a new stake in General Mills in the second quarter worth $38,000. Finally, Beacon Capital Management LLC boosted its position in General Mills by 47.5% during the first quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock valued at $39,000 after buying an additional 180 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Stock Up 1.4 %

Shares of NYSE:GIS opened at $65.00 on Friday. 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 has a 50 day simple moving average of $69.64 and a two-hundred day simple moving average of $68.63. General Mills, Inc. has a 1 year low of $61.47 and a 1 year high of $75.90. The firm has a market capitalization of $36.09 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 3.33 and a beta of 0.11.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $4.85 billion for 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%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. On average, equities analysts predict that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 3.69%. General Mills’s dividend payout ratio (DPR) is presently 57.14%.

Insider Transactions at General Mills

In related news, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the transaction, the insider now directly owns 36,184 shares in the company, valued at $2,700,411.92. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 67,555 shares of company stock valued at $4,721,336. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on GIS shares. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, September 19th. Piper Sandler raised their target price on shares of General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Wells Fargo & Company lowered their price target on shares of 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. increased their price target on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Bank of America boosted their price objective on shares of General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.