Concurrent Investment Advisors LLC Purchases 17,833 Shares of General Mills, Inc. (NYSE:GIS)

Concurrent Investment Advisors LLC increased its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 107.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,473 shares of the company's stock after purchasing an additional 17,833 shares during the quarter. Concurrent Investment Advisors LLC's holdings in General Mills were worth $2,546,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GIS. Values First Advisors Inc. acquired a new stake in General Mills during the 3rd quarter worth approximately $27,000. RFP Financial Group LLC lifted its position in shares of General Mills by 66.3% during 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 grew its holdings in shares of General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company's stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. TruNorth Capital Management LLC bought a new stake in General Mills in the 2nd quarter valued at about $38,000. Finally, Beacon Capital Management LLC lifted its holdings in General Mills by 47.5% during the first quarter. Beacon Capital Management LLC now owns 559 shares of the company's stock valued at $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.

General Mills Price Performance

NYSE:GIS traded up $0.61 during mid-day trading on Friday, reaching $65.55. The stock had a trading volume of 3,006,037 shares, compared to its average volume of 3,887,840. The stock has a market capitalization of $36.39 billion, a P/E ratio of 15.61, a P/E/G ratio of 3.50 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 has a 50 day moving average price of $71.60 and a two-hundred day moving average price of $69.09. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66.

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

General Mills Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays boosted their price target on shares of General Mills from $67.00 to $74.00 and gave the company an "equal weight" rating in a research report on Friday, September 20th. Stifel Nicolaus raised their price target on General Mills from $70.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. TD Cowen increased their price objective on General Mills from $72.00 to $75.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Piper Sandler upped their price target on General Mills from $74.00 to $84.00 and gave the company an "overweight" rating in a research report on Thursday, September 19th. Finally, Argus restated a "hold" rating on shares of General Mills in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $73.00.

Insiders Place Their Bets

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares of the company's stock, valued at approximately $2,700,411.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other General Mills news, insider Jonathon Nudi sold 9,647 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.39, for a total value of $717,640.33. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pankaj Mn Sharma sold 2,325 shares of the business's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the transaction, the insider now directly owns 36,184 shares in the company, valued at $2,700,411.92. This trade represents a 0.00 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 0.26% of the company's stock.

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.