Cwm LLC Decreases Stake in General Mills, Inc. (NYSE:GIS)

Cwm LLC decreased its position in General Mills, Inc. (NYSE:GIS) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,186 shares of the company’s stock after selling 7,376 shares during the period. Cwm LLC’s holdings in General Mills were worth $18,255,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bontempo Ohly Capital Mgmt LLC increased its stake in shares of General Mills by 5.0% during the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 50,384 shares of the company’s stock worth $3,282,000 after purchasing an additional 2,400 shares during the last quarter. Optimist Retirement Group LLC purchased a new stake in shares of General Mills during the 4th quarter worth approximately $1,171,000. Studio Investment Management LLC increased its stake in shares of General Mills by 15.7% during the 4th quarter. Studio Investment Management LLC now owns 65,103 shares of the company’s stock worth $4,241,000 after purchasing an additional 8,858 shares during the last quarter. Security National Bank of SO Dak increased its stake in shares of General Mills by 2.2% during the 4th quarter. Security National Bank of SO Dak now owns 23,768 shares of the company’s stock worth $1,548,000 after purchasing an additional 510 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of General Mills by 31.4% during the 4th quarter. V Square Quantitative Management LLC now owns 10,711 shares of the company’s stock worth $698,000 after purchasing an additional 2,557 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GIS. Evercore ISI decreased their price target on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research note on Friday, June 28th. Citigroup raised their price target on shares of General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Piper Sandler raised their price objective on shares of General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Bank of America raised their price objective on shares of General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus raised their price objective on shares of General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. 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 data from MarketBeat.com, General Mills has an average rating of “Hold” and an average price target of $72.73.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 9,647 shares of General Mills stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the sale, the insider now directly owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jonathon Nudi sold 9,647 shares of General Mills stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the sale, the insider now directly owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the sale, the insider now directly owns 36,184 shares of the company’s stock, 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. 0.24% of the stock is currently owned by insiders.

General Mills Stock Down 1.1 %

Shares of NYSE:GIS opened at $71.31 on Friday. The firm has a fifty day moving average price of $72.05 and a two-hundred day moving average price of $69.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. General Mills, Inc. has a one year low of $61.01 and a one year high of $75.90. The company has a market cap of $39.80 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the firm earned $1.09 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts anticipate that General Mills, Inc. will post 4.51 EPS 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. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, October 10th. General Mills’s dividend payout ratio is currently 55.68%.

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.