Assetmark Inc. Buys 9,722 Shares of General Mills, Inc. (NYSE:GIS)

Assetmark Inc. increased its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 563,390 shares of the company's stock after purchasing an additional 9,722 shares during the quarter. Assetmark Inc. owned approximately 0.10% of General Mills worth $41,606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GIS. Values First Advisors Inc. acquired a new position in shares of General Mills in the 3rd quarter valued at about $27,000. RFP Financial Group LLC lifted its position in General Mills by 66.3% in the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company's stock worth $30,000 after buying an additional 173 shares in the last quarter. First Foundation Advisors boosted its stake in shares of General Mills by 400.0% during the 2nd quarter. First Foundation Advisors now owns 500 shares of the company's stock valued at $32,000 after buying an additional 400 shares during the period. TruNorth Capital Management LLC purchased a new position in shares of General Mills during the 2nd quarter valued at $38,000. Finally, Beacon Capital Management LLC increased its position in General Mills by 47.5% in the 1st quarter. Beacon Capital Management LLC now owns 559 shares of the company's stock worth $39,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the sale, the chief executive officer now directly owns 355,328 shares of the company's stock, valued at $24,379,054.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Mark A. Pallot sold 8,083 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total value of $576,156.24. Following the sale, the chief accounting officer now directly owns 14,813 shares of the company's stock, valued at approximately $1,055,870.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 355,328 shares in the company, valued at approximately $24,379,054.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,555 shares of company stock valued at $4,657,676 in the last three months. 0.26% of the stock is currently owned by corporate insiders.

General Mills Stock Up 0.9 %

GIS traded up $0.58 during trading on Friday, hitting $65.52. The company had a trading volume of 3,006,051 shares, compared to its average volume of 3,361,745. The company has a market capitalization of $36.37 billion, a PE ratio of 15.60, a PEG ratio of 3.39 and a beta of 0.11. General Mills, Inc. has a one year low of $61.47 and a one year high of $75.90. The firm's 50-day moving average price is $71.60 and its 200 day moving average price is $69.07. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $4.85 billion for the quarter, compared to analysts' expectations of $4.80 billion. During the same period in the previous year, the firm posted $1.09 EPS. The firm's revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.40 annualized dividend and a yield of 3.66%. General Mills's dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GIS shares. The Goldman Sachs Group assumed coverage on shares of General Mills in a research report on Monday, August 12th. They set a "buy" rating and a $76.00 price objective on the stock. Piper Sandler raised their price target on shares of General Mills from $74.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, September 19th. Citigroup upped their price objective on shares of General Mills from $68.00 to $76.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Bank of America raised their target price on General Mills from $68.00 to $75.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $70.00 price target on shares of General Mills in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, General Mills currently has a consensus rating of "Hold" and an average price target of $73.00.

About General Mills

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.