2,867 Shares in General Mills, Inc. (NYSE:GIS) Acquired by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. purchased a new position in shares of General Mills, Inc. (NYSE:GISGet Rating) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 2,867 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its holdings in General Mills by 46.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,925 shares of the company’s stock valued at $804,000 after acquiring an additional 3,800 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of General Mills by 21.8% in the fourth quarter. Schroder Investment Management Group now owns 579,472 shares of the company’s stock valued at $39,046,000 after purchasing an additional 103,630 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of General Mills by 4.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 45,793 shares of the company’s stock valued at $3,086,000 after acquiring an additional 1,824 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of General Mills by 2.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 122,843 shares of the company’s stock valued at $8,276,000 after acquiring an additional 2,999 shares in the last quarter. Finally, Mutual Advisors LLC boosted its holdings in General Mills by 13.9% during the fourth quarter. Mutual Advisors LLC now owns 14,795 shares of the company’s stock worth $997,000 after buying an additional 1,808 shares in the last quarter. 75.48% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Performance

NYSE GIS opened at $80.78 on Friday. General Mills, Inc. has a 1 year low of $58.85 and a 1 year high of $81.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.60 and a quick ratio of 0.40. The firm has a market cap of $48.12 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 2.62 and a beta of 0.33. The company has a fifty day moving average price of $76.11 and a 200-day moving average price of $71.77.

General Mills (NYSE:GISGet Rating) last released its quarterly earnings data on Wednesday, September 21st. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.00 by $0.11. General Mills had a net margin of 15.13% and a return on equity of 23.87%. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that General Mills, Inc. will post 4.06 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, July 7th. Stockholders of record on Friday, July 8th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, July 7th. General Mills’s dividend payout ratio is 45.47%.

Insider Buying and Selling

In related news, insider Dana M. Mcnabb sold 10,993 shares of General Mills stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $76.16, for a total value of $837,226.88. Following the completion of the sale, the insider now directly owns 14,884 shares in the company, valued at approximately $1,133,565.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Dana M. Mcnabb sold 10,993 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $76.16, for a total value of $837,226.88. Following the transaction, the insider now directly owns 14,884 shares of the company’s stock, valued at approximately $1,133,565.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey L. Harmening sold 37,895 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $80.00, for a total value of $3,031,600.00. Following the transaction, the chief executive officer now directly owns 279,482 shares in the company, valued at approximately $22,358,560. The disclosure for this sale can be found here. Insiders sold 96,317 shares of company stock valued at $7,429,156 over the last quarter. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on GIS shares. Credit Suisse Group upped their price target on shares of General Mills from $74.00 to $77.00 and gave the company a “neutral” rating in a research report on Thursday. Bank of America increased their target price on shares of General Mills from $74.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday. BMO Capital Markets raised their price target on shares of General Mills from $80.00 to $85.00 in a report on Thursday. UBS Group raised their target price on shares of General Mills from $79.00 to $82.00 in a research note on Thursday. Finally, Piper Sandler raised their price target on shares of General Mills from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus target price of $76.83.

General Mills Profile

(Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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 salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

See Also

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GISGet Rating).

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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