General Mills, Inc. (NYSE:GIS) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its holdings in General Mills, Inc. (NYSE:GIS) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 575,697 shares of the company’s stock after purchasing an additional 12,307 shares during the period. Assetmark Inc. owned about 0.10% of General Mills worth $36,712,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of General Mills by 5.5% in the third quarter. Farther Finance Advisors LLC now owns 6,932 shares of the company’s stock worth $512,000 after acquiring an additional 363 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of General Mills by 22.1% in the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock worth $17,565,000 after acquiring an additional 43,086 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of General Mills by 9.7% in the third quarter. Van ECK Associates Corp now owns 103,174 shares of the company’s stock worth $7,076,000 after acquiring an additional 9,119 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of General Mills in the third quarter worth approximately $44,000. Finally, Crestwood Advisors Group LLC boosted its stake in shares of General Mills by 5.4% in the third quarter. Crestwood Advisors Group LLC now owns 5,038 shares of the company’s stock worth $372,000 after acquiring an additional 258 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Price Performance

NYSE:GIS opened at $60.96 on Thursday. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $33.60 billion, a P/E ratio of 13.25, a P/E/G ratio of 1.94 and a beta of 0.10. The stock’s fifty day moving average is $60.35 and its two-hundred day moving average is $66.09.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.94%. General Mills’s dividend payout ratio is presently 52.17%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GIS. Piper Sandler lowered their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Barclays lowered their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Stifel Nicolaus lowered their price objective on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. TD Cowen lowered their price objective 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. Finally, Citigroup lowered their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.06.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

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.