Kohmann Bosshard Financial Services LLC Invests $31,000 in General Mills, Inc. (NYSE:GIS)

Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 485 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds also recently bought and sold shares of GIS. Farther Finance Advisors LLC increased its position in General Mills by 5.5% during the third quarter. Farther Finance Advisors LLC now owns 6,932 shares of the company’s stock valued at $512,000 after acquiring an additional 363 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in General Mills by 37.6% during the third quarter. Chicago Partners Investment Group LLC now owns 5,541 shares of the company’s stock valued at $380,000 after acquiring an additional 1,513 shares during the last quarter. Clear Creek Financial Management LLC increased its position in General Mills by 18.0% during the third quarter. Clear Creek Financial Management LLC now owns 6,172 shares of the company’s stock valued at $456,000 after acquiring an additional 942 shares during the last quarter. Optas LLC purchased a new stake in General Mills during the third quarter valued at $241,000. Finally, Janney Montgomery Scott LLC increased its position in General Mills by 22.1% during the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after acquiring an additional 43,086 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

NYSE GIS opened at $62.07 on Tuesday. The firm has a market cap of $34.21 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. 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 business has a 50-day moving average price of $60.46 and a 200-day moving average price of $66.18. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. As a group, equities research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.87%. General Mills’s dividend payout ratio is currently 52.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America reduced their price objective on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. TD Cowen cut their price target on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Stifel Nicolaus cut their price target on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Piper Sandler cut their price target 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, Mizuho cut their price target on General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus price target of $69.06.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated 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 directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

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.