9,520 Shares in General Mills, Inc. (NYSE:GIS) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new stake in General Mills, Inc. (NYSE:GIS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,520 shares of the company’s stock, valued at approximately $607,000.

Other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new position in shares of General Mills in the fourth quarter valued at $26,000. CBIZ Investment Advisory Services LLC acquired a new stake in General Mills in the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills in the 4th quarter valued at about $31,000. VSM Wealth Advisory LLC acquired a new position in shares of General Mills during the 4th quarter worth about $32,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of General Mills in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on GIS shares. Piper Sandler reduced their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Barclays reduced their target price on General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Wells Fargo & Company dropped their price target on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group lifted their price objective on shares of General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research report on Monday, March 17th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $65.69.

General Mills Stock Down 0.7 %

Shares of GIS opened at $58.21 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The firm’s 50 day moving average is $59.97 and its 200-day moving average is $65.06. The stock has a market capitalization of $32.08 billion, a PE ratio of 12.65, a P/E/G ratio of 1.94 and a beta of 0.06.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. Equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.75%.

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.