General Mills, Inc. (NYSE:GIS) Shares Bought by ICW Investment Advisors LLC

ICW Investment Advisors LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,531 shares of the company’s stock after purchasing an additional 351 shares during the quarter. ICW Investment Advisors LLC’s holdings in General Mills were worth $1,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gladstone Institutional Advisory LLC lifted its stake in shares of General Mills by 6.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock worth $304,000 after purchasing an additional 268 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after acquiring an additional 2,926,232 shares in the last quarter. J2 Capital Management Inc acquired a new position in shares of General Mills in the fourth quarter worth about $547,000. Daiwa Securities Group Inc. lifted its stake in shares of General Mills by 7.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company’s stock worth $4,652,000 after acquiring an additional 4,839 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of General Mills by 15.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company’s stock worth $2,749,000 after acquiring an additional 5,853 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GIS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. Wells Fargo & Company cut their price target on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. TD Cowen cut their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Piper Sandler lowered their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Finally, Citigroup lowered their price objective on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $66.53.

General Mills Stock Up 0.8 %

NYSE:GIS opened at $58.78 on Monday. The firm has a market capitalization of $32.40 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The stock has a 50 day moving average of $60.00 and a 200-day moving average of $65.17. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.75%.

Insider Buying and Selling

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

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.