O Shaughnessy Asset Management LLC Buys 85,612 Shares of General Mills, Inc. (NYSE:GIS)

O Shaughnessy Asset Management LLC raised its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 11.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 834,417 shares of the company's stock after acquiring an additional 85,612 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.15% of General Mills worth $53,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Endeavor Private Wealth Inc. bought a new position in General Mills in the 4th quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Mills during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills during the fourth quarter valued at $31,000. VSM Wealth Advisory LLC bought a new position in General Mills in the fourth quarter valued at about $32,000. Finally, Bank of Jackson Hole Trust acquired a new stake in General Mills in the fourth quarter worth about $34,000. 75.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

GIS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Mizuho reduced their price objective on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Morgan Stanley began coverage on shares of General Mills in a research report on Monday, March 24th. They set an "underweight" rating and a $53.00 target price for the company. Piper Sandler decreased their price objective on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, General Mills currently has an average rating of "Hold" and an average target price of $65.69.

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Insider Transactions at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.26% of the company's stock.

General Mills Stock Up 2.6 %

GIS traded up $1.51 during trading on Thursday, reaching $60.70. The company had a trading volume of 4,422,106 shares, compared to its average volume of 4,321,949. The company has a market cap of $33.46 billion, a P/E ratio of 13.20, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The business's fifty day moving average price is $59.96 and its 200 day moving average price is $64.39.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The business 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%. The firm's revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. Equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 3.95%. General Mills's dividend payout ratio (DPR) is presently 52.75%.

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.