Bleakley Financial Group LLC Buys 3,367 Shares of General Mills, Inc. (NYSE:GIS)

Bleakley Financial Group LLC lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,098 shares of the company’s stock after purchasing an additional 3,367 shares during the quarter. Bleakley Financial Group LLC’s holdings in General Mills were worth $1,049,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIS. FWL Investment Management LLC bought a new stake in shares of General Mills during the 4th quarter valued at $25,000. Operose Advisors LLC raised its stake in shares of General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares during the period. Intrepid Capital Management Inc. bought a new stake in shares of General Mills during the 2nd quarter valued at $28,000. Bruce G. Allen Investments LLC purchased a new position in General Mills during the fourth quarter worth about $28,000. Finally, Almanack Investment Partners LLC. purchased a new position in General Mills during the third quarter worth about $28,000. 75.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup assumed coverage on General Mills in a research report on Thursday, February 1st. They set a “neutral” rating and a $67.00 target price for the company. Piper Sandler reduced their target price on General Mills from $77.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, December 15th. Wells Fargo & Company boosted their target price on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. HSBC boosted their target price on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. boosted their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $72.18.

General Mills Trading Down 2.7 %

Shares of GIS stock opened at $67.00 on Friday. The stock has a market capitalization of $38.05 billion, a PE ratio of 15.37, a P/E/G ratio of 2.42 and a beta of 0.15. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89. The business has a 50-day moving average of $66.33 and a 200 day moving average of $65.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. General Mills’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. As a group, sell-side analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Tuesday, April 9th. General Mills’s payout ratio is 54.13%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the transaction, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The disclosure for this sale can be found here. Insiders sold 77,782 shares of company stock valued at $5,057,820 in the last 90 days. Insiders own 0.24% of the company’s stock.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.