Kiker Wealth Management LLC Buys Shares of 7,413 General Mills, Inc. (NYSE:GIS)

Kiker Wealth Management LLC bought a new position in General Mills, Inc. (NYSE:GIS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,413 shares of the company's stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in shares of General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock valued at $497,054,000 after acquiring an additional 3,058,414 shares during the last quarter. JPMorgan Chase & Co. raised its stake in General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after purchasing an additional 2,926,232 shares in the last quarter. State Street Corp lifted its position in General Mills by 9.4% during the third quarter. State Street Corp now owns 33,502,737 shares of the company's stock valued at $2,474,177,000 after purchasing an additional 2,867,678 shares during the last quarter. Nepsis Inc. grew its stake in shares of General Mills by 3,504.8% in the 4th quarter. Nepsis Inc. now owns 2,164,395 shares of the company's stock worth $138,023,000 after buying an additional 2,104,353 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of General Mills in the 4th quarter worth about $80,994,000. 75.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GIS. Jefferies Financial Group lifted their price target on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Piper Sandler cut their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. Bank of America lowered their price target on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. TD Cowen cut their price objective on shares of General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. Finally, Barclays lowered their target price on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $65.69.

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Insider Buying and Selling at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares of the company's stock, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company's stock.

General Mills Stock Down 0.7 %

Shares of GIS traded down $0.42 during midday trading on Tuesday, reaching $57.75. 4,987,361 shares of the stock were exchanged, compared to its average volume of 4,114,724. The company has a market capitalization of $31.83 billion, a P/E ratio of 12.55, a PEG ratio of 1.94 and a beta of 0.06. 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 52 week low of $55.15 and a 52 week high of $75.90. The company's 50 day moving average is $59.97 and its two-hundred day moving average is $65.06.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the prior year, the business earned $1.17 EPS. The firm's quarterly revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.16%. General Mills's dividend payout ratio is currently 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.