General Mills, Inc. (NYSE:GIS) is Ellsworth Advisors LLC's 2nd Largest Position

Ellsworth Advisors LLC increased its position in General Mills, Inc. (NYSE:GIS - Free Report) by 105.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,851 shares of the company's stock after purchasing an additional 74,456 shares during the quarter. General Mills accounts for 2.8% of Ellsworth Advisors LLC's portfolio, making the stock its 2nd largest position. Ellsworth Advisors LLC's holdings in General Mills were worth $10,697,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of General Mills by 0.9% in the 4th quarter. Fisher Asset Management LLC now owns 111,233 shares of the company's stock valued at $7,246,000 after purchasing an additional 978 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in General Mills in the fourth quarter valued at $764,000. Mather Group LLC. bought a new position in General Mills during the 1st quarter valued at $141,000. Rise Advisors LLC grew its holdings in General Mills by 199.3% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the company's stock worth $29,000 after acquiring an additional 273 shares in the last quarter. Finally, American National Bank grew its holdings in General Mills by 91.2% during the 1st quarter. American National Bank now owns 2,048 shares of the company's stock worth $143,000 after acquiring an additional 977 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Performance

Shares of NYSE:GIS traded down $0.74 during trading hours on Friday, hitting $69.94. The stock had a trading volume of 3,867,777 shares, compared to its average volume of 3,913,318. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The stock's fifty day simple moving average is $72.36 and its 200 day simple moving average is $69.22. The firm has a market capitalization of $39.04 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 3.71 and a beta of 0.10. General Mills, Inc. has a 1-year low of $61.47 and a 1-year high of $75.90.

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

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, October 10th. General Mills's payout ratio is currently 55.68%.

Insider Activity at General Mills

In other news, CAO Mark A. Pallot sold 8,083 shares of the company's 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 directly owns 14,813 shares of the company's stock, valued at approximately $1,055,870.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Mark A. Pallot sold 8,083 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total value of $576,156.24. Following the sale, the chief accounting officer now owns 14,813 shares of the company's stock, valued at approximately $1,055,870.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathon Nudi sold 9,647 shares of the firm's stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.39, for a total value of $717,640.33. Following the transaction, the insider now directly owns 128,664 shares of the company's stock, valued at $9,571,314.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,055 shares of company stock worth $1,467,311 in the last 90 days. Corporate insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of General Mills in a research report on Monday, August 12th. They set a "buy" rating and a $76.00 price target on the stock. Citigroup increased their target price on General Mills from $68.00 to $76.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Piper Sandler boosted their price target on General Mills from $74.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, September 19th. TD Cowen raised their price objective on General Mills from $72.00 to $75.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Finally, Mizuho lowered their target price on shares of General Mills from $70.00 to $62.00 and set a "neutral" rating for the company in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $73.00.

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.