OneDigital Investment Advisors LLC Raises Position in General Mills, Inc. (NYSE:GIS)

OneDigital Investment Advisors LLC grew its holdings in shares of General Mills, Inc. (NYSE:GIS) by 9.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,186 shares of the company’s stock after purchasing an additional 838 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in General Mills were worth $752,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GIS. Capital Research Global Investors increased its holdings in shares of General Mills by 22.3% during the 1st quarter. Capital Research Global Investors now owns 13,650,388 shares of the company’s stock worth $955,118,000 after buying an additional 2,488,341 shares during the last quarter. Legal & General Group Plc lifted its holdings in General Mills by 6.1% during the 2nd quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock worth $356,151,000 after buying an additional 323,090 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in General Mills by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company’s stock valued at $342,478,000 after purchasing an additional 148,235 shares in the last quarter. American Century Companies Inc. grew its position in shares of General Mills by 100.4% in the 2nd quarter. American Century Companies Inc. now owns 4,728,710 shares of the company’s stock valued at $299,138,000 after buying an additional 2,368,563 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of General Mills by 2.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,560,066 shares of the company’s stock worth $225,210,000 after purchasing an additional 76,074 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Mills

In other General Mills news, Director Maria Sastre sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pankaj Mn Sharma sold 2,325 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,555 shares of company stock valued at $4,721,336. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. The Goldman Sachs Group started coverage on shares of General Mills in a research report on Monday, August 12th. They set a “buy” rating and a $76.00 price objective on the stock. Stifel Nicolaus boosted their price target on General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays increased their price objective on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Piper Sandler boosted their target price on General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company cut their price target on General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $72.67.

General Mills Price Performance

GIS stock opened at $62.78 on Wednesday. The firm has a 50 day moving average of $70.18 and a 200-day moving average of $68.73. The company has a market cap of $34.85 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 3.25 and a beta of 0.11. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a 12-month low of $61.47 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. General Mills’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. As a group, equities analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.82%. General Mills’s dividend payout ratio is presently 57.14%.

General Mills Company Profile

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.