M Holdings Securities Inc. Invests $599,000 in General Mills, Inc. (NYSE:GIS)

M Holdings Securities Inc. purchased a new position in General Mills, Inc. (NYSE:GISGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,844 shares of the company’s stock, valued at approximately $599,000.

Several other large investors have also recently modified their holdings of GIS. Great Valley Advisor Group Inc. raised its position in shares of General Mills by 3.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,358 shares of the company’s stock worth $279,000 after purchasing an additional 151 shares during the last quarter. Equitable Holdings Inc. raised its position in General Mills by 30.7% in the 4th quarter. Equitable Holdings Inc. now owns 9,510 shares of the company’s stock worth $641,000 after buying an additional 2,232 shares during the last quarter. MAI Capital Management purchased a new position in General Mills in the 4th quarter worth about $342,000. Ensign Peak Advisors Inc raised its position in General Mills by 49.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 459,125 shares of the company’s stock worth $30,936,000 after buying an additional 152,585 shares during the last quarter. Finally, Laraway Financial Inc purchased a new position in General Mills in the 4th quarter worth about $209,000. Hedge funds and other institutional investors own 75.48% of the company’s stock.

General Mills Stock Up 0.2 %

Shares of GIS opened at $75.25 on Friday. The stock has a market capitalization of $44.83 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.48 and a beta of 0.33. General Mills, Inc. has a 1 year low of $57.47 and a 1 year high of $78.54. The business’s 50 day simple moving average is $75.93 and its 200-day simple moving average is $71.44. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.63 and a quick ratio of 0.40.

General Mills (NYSE:GISGet Rating) last issued its quarterly earnings data on Wednesday, June 29th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. As a group, equities analysts expect that General Mills, Inc. will post 4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, July 7th. Investors of record on Friday, July 8th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, July 7th. General Mills’s payout ratio is presently 48.87%.

Insider Activity at General Mills

In related news, insider Sean N. Walker sold 29,489 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $75.00, for a total transaction of $2,211,675.00. Following the sale, the insider now owns 89,989 shares in the company, valued at approximately $6,749,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other General Mills news, CAO Mark A. Pallot sold 2,255 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $74.66, for a total value of $168,358.30. Following the sale, the chief accounting officer now owns 17,087 shares in the company, valued at $1,275,715.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sean N. Walker sold 29,489 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 89,989 shares in the company, valued at approximately $6,749,175. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,422 shares of company stock worth $4,397,556. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GIS shares. Citigroup boosted their target price on General Mills from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, June 30th. Morgan Stanley boosted their price objective on General Mills from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Friday, July 1st. Piper Sandler boosted their price objective on General Mills from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, June 30th. BMO Capital Markets boosted their price objective on General Mills from $66.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, June 30th. Finally, Credit Suisse Group set a $74.00 price objective on General Mills in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, General Mills currently has a consensus rating of “Hold” and a consensus price target of $73.64.

General Mills Profile

(Get Rating)

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.

Recommended Stories

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

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.