870 Shares in General Mills, Inc. (NYSE:GIS) Bought by Modus Advisors LLC

Modus Advisors LLC bought a new position in shares of General Mills, Inc. (NYSE:GIS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 870 shares of the company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Values First Advisors Inc. bought a new position in shares of General Mills during the third quarter worth about $27,000. First Foundation Advisors lifted its position in shares of General Mills by 400.0% in the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Planning Capital Management Corp lifted its position in shares of General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of General Mills during the third quarter worth $44,000. Finally, Rise Advisors LLC increased its position in shares of General Mills by 46.7% during the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after buying an additional 193 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Up 0.5 %

GIS stock opened at $63.88 on Friday. The stock has a market cap of $35.21 billion, a P/E ratio of 15.21, a P/E/G ratio of 3.41 and a beta of 0.11. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $65.36 and its two-hundred day simple moving average is $67.92. General Mills, Inc. has a 1-year low of $61.47 and a 1-year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. Analysts expect that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 3.76%. General Mills’s payout ratio is 52.17%.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the transaction, the chief executive officer now owns 355,328 shares in the company, valued at $24,379,054.08. This trade represents a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark A. Pallot sold 8,083 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total transaction of $576,156.24. Following the completion of the sale, the chief accounting officer now directly owns 14,813 shares in the company, valued at approximately $1,055,870.64. This trade represents a 35.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,624 shares of company stock valued at $3,897,326. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on GIS shares. TD Cowen cut their price target 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. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and upped their target price for the company from $78.00 to $80.00 in a research report on Friday, December 13th. Citigroup dropped their price target 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Finally, Piper Sandler boosted their target price on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, General Mills currently has an average rating of “Hold” and an average target price of $71.56.

General Mills 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.