General Mills, Inc. (NYSE:GIS) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. cut its position in General Mills, Inc. (NYSE:GIS) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,800 shares of the company’s stock after selling 675 shares during the quarter. Bard Financial Services Inc.’s holdings in General Mills were worth $6,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GIS. Pensionfund Sabic lifted its holdings in shares of General Mills by 41.2% in the 4th quarter. Pensionfund Sabic now owns 24,000 shares of the company’s stock valued at $1,530,000 after purchasing an additional 7,000 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of General Mills by 64.5% in the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after buying an additional 3,058,414 shares in the last quarter. First City Capital Management Inc. raised its holdings in shares of General Mills by 9.9% in the fourth quarter. First City Capital Management Inc. now owns 3,837 shares of the company’s stock worth $245,000 after acquiring an additional 347 shares during the last quarter. Everence Capital Management Inc. grew its stake in General Mills by 4.3% in the 4th quarter. Everence Capital Management Inc. now owns 18,500 shares of the company’s stock worth $1,180,000 after acquiring an additional 770 shares during the period. Finally, Modus Advisors LLC acquired a new stake in shares of General Mills in the fourth quarter worth approximately $55,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Stock Performance

General Mills stock traded down $1.84 during midday trading on Monday, hitting $62.04. The company’s stock had a trading volume of 2,206,502 shares, compared to its average volume of 2,877,279. The company has a market cap of $34.44 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 3.47 and a beta of 0.10. 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 50-day moving average price of $65.27 and a two-hundred day moving average price of $67.92.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. As a group, sell-side analysts predict that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Dividend Announcement

The firm 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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.87%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is currently 57.14%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays cut their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of General Mills from $70.00 to $68.00 and set an “equal weight” rating for the company in a research note on Thursday, December 19th. Citigroup cut their price target on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus reduced their target price on shares of General Mills from $82.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Piper Sandler upped their price objective on General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Mills currently has an average rating of “Hold” and a consensus price target of $71.56.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Mark A. Pallot sold 8,083 shares of General Mills stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total value of $576,156.24. Following the sale, the chief accounting officer now owns 14,813 shares in the company, valued at $1,055,870.64. This trade represents a 35.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,624 shares of company stock worth $3,897,326 over the last ninety days. 0.26% of the stock is owned by insiders.

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.