First Trust Advisors LP Has $86.58 Million Holdings in General Mills, Inc. (NYSE:GIS)

First Trust Advisors LP boosted its position in General Mills, Inc. (NYSE:GIS) by 13.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,357,630 shares of the company’s stock after purchasing an additional 156,851 shares during the period. First Trust Advisors LP’s holdings in General Mills were worth $86,576,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills in the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC bought a new stake in General Mills in the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills during the fourth quarter valued at about $31,000. VSM Wealth Advisory LLC acquired a new position in shares of General Mills during the fourth quarter valued at about $32,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of General Mills during the 4th quarter worth about $34,000. Institutional investors own 75.71% of the company’s stock.

General Mills Trading Up 0.3 %

Shares of GIS stock opened at $57.70 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a market cap of $31.81 billion, a P/E ratio of 12.54, a PEG ratio of 1.94 and a beta of 0.15. The company has a 50 day moving average of $59.46 and a 200-day moving average of $62.69. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. Sell-side analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.16%. General Mills’s dividend payout ratio is presently 52.75%.

Insider Transactions at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GIS shares. Wells Fargo & Company dropped their price target on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Stifel Nicolaus cut their target price on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Piper Sandler decreased their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.69.

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.