EP Wealth Advisors LLC Decreases Position in General Mills, Inc. (NYSE:GIS)

EP Wealth Advisors LLC cut its position in General Mills, Inc. (NYSE:GISGet Rating) by 3.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,413 shares of the company’s stock after selling 639 shares during the period. EP Wealth Advisors LLC’s holdings in General Mills were worth $1,315,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of General Mills by 6.9% during the first quarter. BlackRock Inc. now owns 48,512,369 shares of the company’s stock valued at $3,285,257,000 after purchasing an additional 3,122,049 shares during the last quarter. State Street Corp raised its holdings in shares of General Mills by 2.3% during the first quarter. State Street Corp now owns 35,209,877 shares of the company’s stock valued at $2,384,413,000 after purchasing an additional 786,443 shares during the last quarter. Capital International Investors raised its holdings in shares of General Mills by 2.2% during the first quarter. Capital International Investors now owns 34,562,381 shares of the company’s stock valued at $2,340,594,000 after purchasing an additional 743,351 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of General Mills by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,852,150 shares of the company’s stock valued at $734,907,000 after purchasing an additional 75,902 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of General Mills by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,702,973 shares of the company’s stock valued at $651,804,000 after purchasing an additional 77,264 shares during the last quarter. 75.48% of the stock is owned by hedge funds and other institutional investors.

General Mills Price Performance

NYSE:GIS opened at $75.07 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $75.94 and its two-hundred day simple moving average is $71.38. The stock has a market cap of $44.72 billion, a PE ratio of 16.98, a P/E/G ratio of 2.48 and a beta of 0.33. General Mills, Inc. has a 52 week low of $57.47 and a 52 week high of $78.54.

General Mills (NYSE:GISGet Rating) last posted its quarterly earnings results on Wednesday, June 29th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.81 billion. General Mills had a return on equity of 23.74% and a net margin of 14.25%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. As a group, analysts forecast that General Mills, Inc. will post 4 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, July 7th. Stockholders of record on Friday, July 8th were issued a $0.54 dividend. The ex-dividend date was Thursday, July 7th. General Mills’s dividend payout ratio (DPR) is 48.87%.

Insider Transactions at General Mills

In other news, insider Sean N. Walker sold 29,489 shares of General Mills stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $75.00, for a total value of $2,211,675.00. Following the sale, the insider now directly owns 89,989 shares of the company’s stock, valued at $6,749,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Sean N. Walker sold 29,489 shares of General Mills stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $75.00, for a total value of $2,211,675.00. Following the sale, the insider now directly owns 89,989 shares of the company’s stock, valued at $6,749,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana M. Mcnabb sold 10,993 shares of the business’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $76.16, for a total value of $837,226.88. Following the sale, the insider now directly owns 14,884 shares in the company, valued at $1,133,565.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,422 shares of company stock valued at $4,397,556. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GIS shares. Piper Sandler raised their price objective on shares of General Mills from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, June 30th. BMO Capital Markets boosted their price objective on shares of General Mills from $66.00 to $80.00 and gave the company a “market perform” rating in a research report on Thursday, June 30th. Credit Suisse Group set a $74.00 target price on General Mills in a report on Tuesday, July 19th. Royal Bank of Canada boosted their price target on General Mills from $66.00 to $68.00 and gave the company a “sector perform” rating in a report on Friday, July 1st. Finally, Morgan Stanley raised their price objective on General Mills from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Friday, July 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.64.

General Mills Company Profile

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General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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 salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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