Allworth Financial LP Has $1.39 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Allworth Financial LP boosted its holdings in shares of General Mills, Inc. (NYSE:GISGet Rating) by 38.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,420 shares of the company’s stock after buying an additional 5,143 shares during the period. Allworth Financial LP’s holdings in General Mills were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GIS. Clearview Wealth Advisors LLC increased its position in shares of General Mills by 2.2% in the first quarter. Clearview Wealth Advisors LLC now owns 6,465 shares of the company’s stock valued at $438,000 after acquiring an additional 142 shares during the last quarter. Prospera Financial Services Inc increased its position in General Mills by 1.5% during the first quarter. Prospera Financial Services Inc now owns 9,699 shares of the company’s stock worth $657,000 after buying an additional 142 shares during the last quarter. Wealth Alliance increased its position in General Mills by 1.9% during the first quarter. Wealth Alliance now owns 7,794 shares of the company’s stock worth $528,000 after buying an additional 142 shares during the last quarter. Camden Capital LLC increased its position in General Mills by 4.2% during the first quarter. Camden Capital LLC now owns 3,608 shares of the company’s stock worth $244,000 after buying an additional 145 shares during the last quarter. Finally, BLB&B Advisors LLC increased its position in General Mills by 2.3% during the first quarter. BLB&B Advisors LLC now owns 6,545 shares of the company’s stock worth $443,000 after buying an additional 146 shares during the last quarter. 75.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GIS has been the topic of a number of recent analyst reports. Credit Suisse Group boosted their price target on General Mills from $74.00 to $77.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank of Canada upped their target price on General Mills from $66.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, July 1st. Bank of America upped their target price on General Mills from $74.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday. Piper Sandler upped their target price on General Mills from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets upped their target price on General Mills from $80.00 to $85.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $76.83.

General Mills Trading Up 1.3 %

Shares of GIS stock opened at $80.78 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 0.85. The stock has a market cap of $48.12 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.52 and a beta of 0.33. The stock has a 50 day simple moving average of $76.11 and a 200 day simple moving average of $71.77. General Mills, Inc. has a 1 year low of $58.85 and a 1 year high of $81.24.

General Mills (NYSE:GISGet Rating) last issued its quarterly earnings results on Wednesday, September 21st. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.11. General Mills had a return on equity of 23.74% and a net margin of 14.25%. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts predict that General Mills, Inc. will post 4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, July 7th. Shareholders of record on Friday, July 8th were paid 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%.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 37,895 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $80.00, for a total transaction of $3,031,600.00. Following the completion of the sale, the chief executive officer now directly owns 279,482 shares in the company, valued at $22,358,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other General Mills news, CEO Jeffrey L. Harmening sold 37,895 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $80.00, for a total transaction of $3,031,600.00. Following the completion of the sale, the chief executive officer now directly owns 279,482 shares in the company, valued at $22,358,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark A. Pallot sold 2,255 shares of the company’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $74.66, for a total transaction of $168,358.30. Following the transaction, the chief accounting officer now owns 17,087 shares of the company’s stock, valued at $1,275,715.42. The disclosure for this sale can be found here. Insiders sold 96,317 shares of company stock worth $7,429,156 over the last three months. Insiders own 0.67% of the company’s stock.

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.

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

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