Capula Management Ltd Buys New Position in General Mills, Inc. (NYSE:GIS)

Capula Management Ltd purchased a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,769 shares of the company's stock, valued at approximately $432,000.

Other institutional investors have also added to or reduced their stakes in the company. Centiva Capital LP bought a new position in shares of General Mills during the third quarter worth approximately $272,000. Quantinno Capital Management LP increased its stake in General Mills by 3.3% during the 3rd quarter. Quantinno Capital Management LP now owns 33,463 shares of the company's stock worth $2,471,000 after acquiring an additional 1,069 shares during the period. Kovitz Investment Group Partners LLC bought a new position in General Mills during the 3rd quarter worth $989,000. EP Wealth Advisors LLC raised its holdings in General Mills by 94.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 42,113 shares of the company's stock valued at $3,110,000 after acquiring an additional 20,484 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its position in shares of General Mills by 12.9% during the 3rd quarter. iA Global Asset Management Inc. now owns 5,343 shares of the company's stock valued at $395,000 after acquiring an additional 610 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business'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 value of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

Several research firms recently weighed in on GIS. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a research report on Monday, March 17th. Piper Sandler cut their price target on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. Barclays decreased their price objective on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Mizuho cut their target price on General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Finally, Jefferies Financial Group lifted their price target on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $65.69.

General Mills Trading Up 1.3 %

GIS traded up $0.75 during trading on Friday, reaching $57.92. 4,235,540 shares of the company's stock were exchanged, compared to its average volume of 4,406,074. 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 one year low of $55.15 and a one year high of $75.90. The firm has a fifty day moving average price of $59.61 and a two-hundred day moving average price of $63.37. The stock has a market capitalization of $31.93 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. As a group, equities research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed 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 dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, April 10th. 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.