Tower Research Capital LLC TRC Grows Position in General Mills, Inc. (NYSE:GIS)

Tower Research Capital LLC TRC increased its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 31.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,838 shares of the company's stock after purchasing an additional 10,677 shares during the quarter. Tower Research Capital LLC TRC's holdings in General Mills were worth $2,859,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC grew its stake in General Mills by 1.2% in the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company's stock valued at $120,691,000 after acquiring an additional 19,290 shares during the period. Bard Financial Services Inc. lifted its stake in General Mills by 0.6% in the 3rd quarter. Bard Financial Services Inc. now owns 108,475 shares of the company's stock valued at $8,011,000 after buying an additional 700 shares in the last quarter. World Investment Advisors LLC acquired a new stake in General Mills in the 3rd quarter worth about $403,000. Wilmington Savings Fund Society FSB increased its stake in General Mills by 138.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 37,487 shares of the company's stock worth $2,768,000 after buying an additional 21,790 shares in the last quarter. Finally, Optimist Retirement Group LLC raised its holdings in shares of General Mills by 19.0% during the third quarter. Optimist Retirement Group LLC now owns 28,362 shares of the company's stock valued at $2,095,000 after acquiring an additional 4,528 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GIS. Jefferies Financial Group boosted their price target on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Mizuho reduced their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Citigroup lowered their price target on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Piper Sandler cut their price objective 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. Finally, Barclays lowered their target price on General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $65.00.

Insider Activity

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company's stock.

General Mills Trading Down 0.4 %

Shares of GIS stock traded down $0.23 during trading hours on Friday, hitting $56.16. The company had a trading volume of 3,996,092 shares, compared to its average volume of 4,398,748. 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 stock has a market capitalization of $30.96 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. The company's fifty day moving average is $59.35 and its 200 day moving average is $62.51. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 27.55% and a net margin of 13.08%. The firm's revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 dividend yield of 4.27%. General Mills's dividend payout ratio is presently 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.