General Mills, Inc. (NYSE:GIS) Shares Sold by TCW Group Inc.

TCW Group Inc. cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,867 shares of the company’s stock after selling 322 shares during the quarter. TCW Group Inc.’s holdings in General Mills were worth $1,689,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Great Valley Advisor Group Inc. increased its holdings in shares of General Mills by 10.7% in the second quarter. Great Valley Advisor Group Inc. now owns 8,277 shares of the company’s stock valued at $524,000 after purchasing an additional 801 shares during the last quarter. Fiduciary Financial Group LLC acquired a new stake in shares of General Mills in the 2nd quarter worth $257,000. Blue Trust Inc. raised its holdings in shares of General Mills by 48.5% during the 2nd quarter. Blue Trust Inc. now owns 8,476 shares of the company’s stock worth $593,000 after acquiring an additional 2,769 shares during the period. Brookstone Capital Management boosted its position in shares of General Mills by 4.0% during the 2nd quarter. Brookstone Capital Management now owns 13,413 shares of the company’s stock valued at $876,000 after acquiring an additional 511 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of General Mills by 10.0% in the second quarter. Raymond James & Associates now owns 937,170 shares of the company’s stock valued at $59,285,000 after purchasing an additional 84,887 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity

In related news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey L. Harmening sold 46,500 shares of General Mills stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the transaction, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,555 shares of company stock worth $4,721,336. Corporate insiders own 0.26% of the company’s stock.

General Mills Stock Performance

NYSE GIS opened at $66.07 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 company has a market cap of $36.68 billion, a P/E ratio of 15.73, a P/E/G ratio of 3.41 and a beta of 0.10. The stock has a 50-day moving average of $67.48 and a two-hundred day moving average of $68.23. General Mills, Inc. has a 1-year low of $61.47 and a 1-year high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data 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. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. As a group, analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio is currently 57.14%.

Analyst Ratings Changes

Several equities analysts have weighed in on GIS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a report on Thursday, September 19th. Wells Fargo & Company reduced their price target on shares of General Mills from $77.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. 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. Stifel Nicolaus lifted their target price on General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Piper Sandler increased their price target on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. One equities 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.67.

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.