General Mills, Inc. (NYSE:GIS) Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 1.4% in the third quarter, Holdings Channel reports. The institutional investor owned 72,056 shares of the company’s stock after acquiring an additional 993 shares during the quarter. GHP Investment Advisors Inc.’s holdings in General Mills were worth $5,321,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GIS. Values First Advisors Inc. purchased a new stake in General Mills in the 3rd quarter valued at about $27,000. Capital Advisors Ltd. LLC increased its position in shares of General Mills by 409.8% during the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after acquiring an additional 336 shares during the last quarter. RFP Financial Group LLC raised its stake in shares of General Mills by 66.3% in the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock valued at $30,000 after acquiring an additional 173 shares during the period. First Foundation Advisors lifted its holdings in shares of General Mills by 400.0% in the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares during the last quarter. Finally, Park Place Capital Corp boosted its position in shares of General Mills by 40.6% during the 1st quarter. Park Place Capital Corp now owns 540 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 355,328 shares of the company’s stock, valued at approximately $24,379,054.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares in the company, valued at approximately $24,379,054.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathon Nudi sold 9,647 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.39, for a total transaction of $717,640.33. Following the transaction, the insider now owns 128,664 shares in the company, valued at approximately $9,571,314.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock valued at $4,657,676 over the last ninety days. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GIS shares. Mizuho cut their target price on General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. TD Cowen boosted their price objective on General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company raised their target price on General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Barclays boosted their price target on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Finally, The Goldman Sachs Group started coverage on shares of General Mills in a research note on Monday, August 12th. They issued a “buy” rating and a $76.00 price objective for the company. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $73.00.

General Mills Stock Down 0.5 %

General Mills stock opened at $68.30 on Friday. The stock has a market cap of $37.92 billion, a PE ratio of 16.26, a P/E/G ratio of 3.55 and a beta of 0.10. 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 stock’s fifty day moving average is $72.31 and its two-hundred day moving average is $69.17. 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 results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.40 annualized dividend and a yield of 3.51%. General Mills’s dividend payout ratio is currently 57.14%.

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.