GAMMA Investing LLC Has $917,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

GAMMA Investing LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 12.5% during the third quarter, HoldingsChannel.com reports. The firm owned 12,417 shares of the company’s stock after buying an additional 1,383 shares during the period. GAMMA Investing LLC’s holdings in General Mills were worth $917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GIS. Ossiam increased its position in General Mills by 48.2% in the 4th quarter. Ossiam now owns 41,081 shares of the company’s stock valued at $2,676,000 after acquiring an additional 13,362 shares in the last quarter. Elo Mutual Pension Insurance Co grew its position in shares of General Mills by 3.5% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 50,749 shares of the company’s stock worth $3,306,000 after buying an additional 1,701 shares during the period. XML Financial LLC raised its stake in shares of General Mills by 6.7% during the fourth quarter. XML Financial LLC now owns 34,257 shares of the company’s stock worth $2,232,000 after buying an additional 2,152 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in General Mills in the fourth quarter valued at approximately $4,530,000. Finally, MGO One Seven LLC boosted its stake in General Mills by 285.8% in the fourth quarter. MGO One Seven LLC now owns 30,524 shares of the company’s stock valued at $1,988,000 after acquiring an additional 22,612 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the transaction, the insider now directly owns 36,184 shares in the company, valued at $2,700,411.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jonathon Nudi sold 9,647 shares of General Mills stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the sale, the insider now owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the sale, the insider now owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on GIS. Mizuho decreased their price objective on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Citigroup raised their target price on shares of General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Argus reiterated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. The Goldman Sachs Group initiated coverage on shares of General Mills in a report on Monday, August 12th. They set a “buy” rating and a $76.00 price objective on the stock. Finally, Piper Sandler increased their target price on shares of General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, General Mills currently has an average rating of “Hold” and a consensus price target of $72.73.

General Mills Trading Down 1.2 %

NYSE GIS opened at $72.74 on Tuesday. The business’s fifty day moving average is $71.74 and its 200 day moving average is $69.08. General Mills, Inc. has a twelve month low of $61.01 and a twelve month high of $75.90. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The company has a market cap of $40.60 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.30%. General Mills’s dividend payout ratio (DPR) is currently 55.68%.

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.