Schwarz Dygos Wheeler Investment Advisors LLC Purchases 2,220 Shares of General Mills, Inc. (NYSE:GIS)

Schwarz Dygos Wheeler Investment Advisors LLC grew its position in General Mills, Inc. (NYSE:GIS) by 24.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,461 shares of the company’s stock after acquiring an additional 2,220 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in General Mills were worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Sowell Financial Services LLC increased its holdings in shares of General Mills by 17.1% in the 4th quarter. Sowell Financial Services LLC now owns 61,644 shares of the company’s stock worth $3,931,000 after buying an additional 9,019 shares during the last quarter. OFI Invest Asset Management purchased a new position in General Mills in the fourth quarter worth about $9,289,000. United Community Bank grew its position in General Mills by 3.0% in the fourth quarter. United Community Bank now owns 37,800 shares of the company’s stock worth $2,411,000 after acquiring an additional 1,115 shares in the last quarter. Personal CFO Solutions LLC bought a new stake in General Mills during the fourth quarter worth approximately $650,000. Finally, Amundi raised its position in General Mills by 9.7% during the fourth quarter. Amundi now owns 4,082,376 shares of the company’s stock valued at $248,902,000 after purchasing an additional 360,368 shares during the period. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Bank of America dropped their target price on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. TD Cowen cut their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Mizuho reduced their target price on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Barclays dropped their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Finally, Piper Sandler reduced their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $69.06.

General Mills Trading Up 3.7 %

GIS opened at $64.53 on Monday. 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 stock’s fifty day moving average is $60.33 and its two-hundred day moving average is $65.97. The company has a market capitalization of $35.57 billion, a P/E ratio of 14.03, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current 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 $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.72%. General Mills’s payout ratio is presently 52.17%.

Insider Activity

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.