General Mills, Inc. (NYSE:GIS) Position Increased by Pathstone Family Office LLC

Pathstone Family Office LLC lifted its stake in shares of General Mills, Inc. (NYSE:GISFree Report) by 82.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,312 shares of the company’s stock after acquiring an additional 12,756 shares during the quarter. Pathstone Family Office LLC’s holdings in General Mills were worth $1,813,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GIS. BlackRock Inc. lifted its position in shares of General Mills by 0.5% during the 2nd quarter. BlackRock Inc. now owns 54,713,936 shares of the company’s stock worth $4,196,559,000 after purchasing an additional 279,268 shares during the last quarter. State Street Corp lifted its position in shares of General Mills by 0.7% during the 2nd quarter. State Street Corp now owns 33,076,744 shares of the company’s stock worth $2,536,986,000 after purchasing an additional 216,622 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of General Mills by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 11,594,011 shares of the company’s stock worth $887,334,000 after purchasing an additional 257,174 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of General Mills by 123,599.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,076,005 shares of the company’s stock worth $928,723,000 after purchasing an additional 11,067,051 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of General Mills by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,852,150 shares of the company’s stock worth $734,907,000 after purchasing an additional 75,902 shares during the last quarter. Institutional investors own 75.31% of the company’s stock.

Analyst Ratings Changes

GIS has been the subject of several research analyst reports. Evercore ISI cut their price objective on General Mills from $75.00 to $72.00 and set an “in-line” rating for the company in a research report on Monday, December 11th. Citigroup started coverage on General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target for the company. Bank of America cut their price target on General Mills from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Thursday, December 21st. Piper Sandler cut their price target on General Mills from $77.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, December 15th. Finally, Stifel Nicolaus cut their price target on General Mills from $72.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus target price of $72.67.

View Our Latest Analysis on General Mills

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction on Wednesday, January 24th. The stock was 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 owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Jonathon Nudi sold 7,671 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $64.15, for a total value of $492,094.65. Following the transaction, the insider now owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 318,483 shares in the company, valued at approximately $20,523,044.52. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

General Mills Stock Down 2.7 %

NYSE GIS opened at $62.34 on Friday. The firm has a market cap of $35.40 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.16. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The stock’s 50 day simple moving average is $64.73 and its 200 day simple moving average is $65.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.64 and a quick ratio of 0.36.

General Mills (NYSE:GISGet Free Report) last released its quarterly earnings results on Wednesday, December 20th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.35 billion. General Mills had a return on equity of 25.44% and a net margin of 12.06%. General Mills’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.49 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a yield of 3.79%. General Mills’s payout ratio is 57.42%.

About General Mills

(Free Report)

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.

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

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