Crossmark Global Holdings Inc. Boosts Stock Position in General Mills, Inc. (NYSE:GIS)

Crossmark Global Holdings Inc. grew its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 129.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,823 shares of the company's stock after purchasing an additional 104,436 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in General Mills were worth $13,649,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GIS. Values First Advisors Inc. bought a new position in shares of General Mills during the third quarter valued at about $27,000. RFP Financial Group LLC grew its stake in shares of General Mills by 66.3% in the first quarter. RFP Financial Group LLC now owns 434 shares of the company's stock worth $30,000 after purchasing an additional 173 shares during the last quarter. First Foundation Advisors increased its holdings in 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 purchasing an additional 400 shares during the period. Beacon Capital Management LLC raised its position in General Mills by 47.5% during the 1st 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. Finally, Catalyst Capital Advisors LLC purchased a new stake in General Mills in the 3rd quarter worth approximately $44,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Stock Up 0.9 %

General Mills stock traded up $0.58 during trading hours on Friday, reaching $65.52. The stock had a trading volume of 3,006,051 shares, compared to its average volume of 3,361,745. General Mills, Inc. has a 52 week low of $61.47 and a 52 week high of $75.90. The company has a market cap of $36.37 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 3.39 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The business's 50 day moving average price is $71.60 and its 200-day moving average price is $69.07.

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

General Mills Dividend Announcement

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

Insider Activity at General Mills

In other news, CAO Mark A. Pallot sold 8,083 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total transaction of $576,156.24. Following the completion of the sale, the chief accounting officer now owns 14,813 shares of the company's stock, valued at $1,055,870.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Mark A. Pallot sold 8,083 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total value of $576,156.24. Following the completion of the sale, the chief accounting officer now owns 14,813 shares of the company's stock, valued at $1,055,870.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Pankaj Mn Sharma sold 2,325 shares of the company'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 completion of the transaction, the insider now owns 36,184 shares in the company, valued at $2,700,411.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,555 shares of company stock valued at $4,657,676 in the last three months. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of General Mills from $72.00 to $75.00 and gave the company a "hold" rating in a research report on Friday, September 20th. JPMorgan Chase & Co. boosted their price objective on shares of General Mills from $63.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Royal Bank of Canada restated a "sector perform" rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, September 19th. Piper Sandler lifted 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. Finally, Bank of America lifted their price target on General Mills from $68.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $73.00.

General Mills 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.