General Mills, Inc. (NYSE:GIS) Holdings Decreased by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,736 shares of the company’s stock after selling 674 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in General Mills were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills during the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills during the fourth quarter valued at $31,000. Bank of Jackson Hole Trust purchased a new position in shares of General Mills during the fourth quarter valued at $34,000. Planning Capital Management Corp grew its holdings in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after buying an additional 193 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of General Mills during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

GIS opened at $64.53 on Friday. The company has a market cap of $35.57 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The stock has a 50-day moving average of $60.33 and a 200-day moving average of $66.00. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the firm earned $1.25 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.72%. General Mills’s dividend payout ratio is presently 52.17%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Piper Sandler lowered their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. TD Cowen lowered their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Barclays lowered their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Citigroup lowered their target price on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, General Mills has an average rating of “Hold” and a consensus target price of $69.06.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the transaction, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

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.