Crossmark Global Holdings Inc. lifted its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,498 shares of the company's stock after acquiring an additional 5,675 shares during the period. Crossmark Global Holdings Inc.'s holdings in General Mills were worth $12,148,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of GIS. Values First Advisors Inc. acquired a new position in shares of General Mills during the 3rd quarter worth approximately $27,000. Planning Capital Management Corp boosted its stake in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company's stock valued at $37,000 after buying an additional 193 shares during the period. Fairscale Capital LLC bought a new stake in shares of General Mills in the second quarter valued at approximately $42,000. Catalyst Capital Advisors LLC acquired a new stake in General Mills during the third quarter worth approximately $44,000. Finally, Rise Advisors LLC increased its stake in General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company's stock worth $45,000 after acquiring an additional 193 shares during the period. 75.71% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on GIS shares. Stifel Nicolaus cut their target price on General Mills from $82.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. TD Cowen cut their price objective on shares of General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Citigroup decreased their target price on shares of General Mills from $71.00 to $67.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Barclays cut their price target on shares of General Mills from $74.00 to $68.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Finally, Bank of America raised shares of General Mills from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $71.31.
Check Out Our Latest Report on General Mills
General Mills Trading Up 0.8 %
General Mills stock traded up $0.45 during trading hours on Tuesday, hitting $60.08. The stock had a trading volume of 4,674,555 shares, compared to its average volume of 4,702,363. The business's 50 day simple moving average is $63.67 and its 200-day simple moving average is $67.53. General Mills, Inc. has a one year low of $57.94 and a one year high of $75.90. The stock has a market cap of $33.12 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 3.72 and a beta of 0.11. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.
General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the business earned $1.25 EPS. The firm's quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that General Mills, Inc. will post 4.42 EPS for the current fiscal year.
General Mills Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.99%. General Mills's dividend payout ratio is 52.17%.
Insider Activity at General Mills
In related news, CEO Jeffrey L. Harmening sold 46,500 shares of the company'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 sale, the chief executive officer now directly owns 355,328 shares in the company, valued at $24,379,054.08. This represents a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now directly owns 42,117 shares of the company's stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,541 shares of company stock worth $3,321,170 over the last three months. Company insiders own 0.26% of the company's stock.
About General Mills
(
Free Report)
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.
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