Range Financial Group LLC Makes New $416,000 Investment in General Mills, Inc. (NYSE:GIS)

Range Financial Group LLC bought a new stake in General Mills, Inc. (NYSE:GIS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,520 shares of the company’s stock, valued at approximately $416,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GIS. Janney Montgomery Scott LLC raised its holdings in General Mills by 22.1% in the 3rd 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. JPMorgan Chase & Co. grew its position 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 valued at $421,552,000 after purchasing an additional 2,926,232 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of General Mills by 129.9% in the third quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock valued at $13,649,000 after purchasing an additional 104,436 shares in the last quarter. Ellsworth Advisors LLC lifted its position in General Mills by 105.8% during the third quarter. Ellsworth Advisors LLC now owns 144,851 shares of the company’s stock worth $10,697,000 after buying an additional 74,456 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in General Mills by 6.4% during the second quarter. AQR Capital Management LLC now owns 1,157,232 shares of the company’s stock worth $73,206,000 after buying an additional 69,902 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Piper Sandler raised their target price on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. TD Cowen dropped their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and lifted their price target for the company from $78.00 to $80.00 in a research report on Friday, December 13th. Finally, Citigroup lowered their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 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 stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus price target of $71.31.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on Friday, December 20th. The shares were 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 directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark A. Pallot sold 8,083 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total transaction of $576,156.24. Following the transaction, the chief accounting officer now owns 14,813 shares of the company’s stock, valued at approximately $1,055,870.64. The trade was 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. 0.26% of the stock is currently owned by corporate insiders.

General Mills Trading Down 1.0 %

Shares of GIS stock opened at $60.88 on Wednesday. General Mills, Inc. has a fifty-two week low of $60.82 and a fifty-two week high of $75.90. The company has a 50 day moving average price of $65.00 and a 200 day moving average price of $67.84. The stock has a market capitalization of $33.56 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 3.47 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66.

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

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s payout ratio is presently 52.17%.

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.