Farmers & Merchants Investments Inc. Sells 1,514 Shares of General Mills, Inc. (NYSE:GIS)

Farmers & Merchants Investments Inc. trimmed its position in General Mills, Inc. (NYSE:GISFree Report) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,240 shares of the company’s stock after selling 1,514 shares during the period. Farmers & Merchants Investments Inc.’s holdings in General Mills were worth $5,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Welch Group LLC boosted its stake in General Mills by 2.8% during the 4th quarter. Welch Group LLC now owns 615,389 shares of the company’s stock valued at $40,086,000 after purchasing an additional 16,883 shares during the last quarter. Drive Wealth Management LLC acquired a new position in General Mills during the 4th quarter valued at about $256,000. Pinnacle Financial Partners Inc boosted its stake in General Mills by 7.3% during the 4th quarter. Pinnacle Financial Partners Inc now owns 31,643 shares of the company’s stock valued at $2,061,000 after purchasing an additional 2,166 shares during the last quarter. Ascent Wealth Partners LLC boosted its stake in General Mills by 1.7% during the 4th quarter. Ascent Wealth Partners LLC now owns 14,628 shares of the company’s stock valued at $953,000 after purchasing an additional 240 shares during the last quarter. Finally, Parsons Capital Management Inc. RI boosted its stake in General Mills by 7.5% during the 4th quarter. Parsons Capital Management Inc. RI now owns 48,726 shares of the company’s stock valued at $3,174,000 after purchasing an additional 3,415 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 7,671 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $64.15, for a total transaction of $492,094.65. Following the completion of the sale, the insider now directly owns 102,924 shares in the company, valued at $6,602,574.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the transaction, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathon Nudi sold 7,671 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65. Following the completion of the transaction, the insider now directly owns 102,924 shares of the company’s stock, valued at $6,602,574.60. The disclosure for this sale can be found here. Insiders sold a total of 77,782 shares of company stock worth $5,057,820 over the last three months. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GIS shares. Evercore ISI cut their target price on General Mills from $75.00 to $72.00 and set an “in-line” rating on the stock in a research note on Monday, December 11th. Citigroup initiated coverage on shares of General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target on the stock. Bank of America lifted their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Piper Sandler lowered their target price on shares of General Mills from $77.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, December 15th. Finally, HSBC upped their price target on shares of General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.18.

Get Our Latest Research Report on General Mills

General Mills Stock Up 0.6 %

Shares of NYSE:GIS opened at $70.57 on Wednesday. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $90.89. The firm has a fifty day moving average of $65.55 and a 200 day moving average of $64.91. The firm has a market capitalization of $40.08 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

General Mills (NYSE:GISGet Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company’s revenue was down .5% on a year-over-year basis. As a group, research analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a yield of 3.34%. General Mills’s payout ratio is 54.13%.

General Mills Profile

(Free Report)

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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

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