General Mills, Inc. (NYSE:GIS) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in General Mills, Inc. (NYSE:GIS) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 446,354 shares of the company’s stock after selling 16,675 shares during the quarter. Truist Financial Corp owned about 0.08% of General Mills worth $29,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GIS. L.M. Kohn & Company grew its stake in shares of General Mills by 2.6% during the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock worth $386,000 after purchasing an additional 155 shares during the period. Traverso Chambers Private Wealth Management LLC grew its stake in shares of General Mills by 1.0% during the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock worth $1,052,000 after purchasing an additional 156 shares during the period. TrueWealth Advisors LLC grew its stake in shares of General Mills by 4.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock worth $246,000 after purchasing an additional 158 shares during the period. Csenge Advisory Group grew its stake in shares of General Mills by 1.0% during the 3rd quarter. Csenge Advisory Group now owns 16,079 shares of the company’s stock worth $1,029,000 after purchasing an additional 164 shares during the period. Finally, Lincoln National Corp grew its stake in shares of General Mills by 0.5% during the 3rd quarter. Lincoln National Corp now owns 35,838 shares of the company’s stock worth $2,293,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction 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 transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

General Mills Trading Down 0.8 %

Shares of GIS stock opened at $70.83 on Monday. The stock’s fifty day moving average is $67.65 and its two-hundred day moving average is $65.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a market capitalization of $40.22 billion, a P/E ratio of 16.25, a PEG ratio of 2.44 and a beta of 0.15. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $90.89.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.33%. General Mills’s dividend payout ratio is presently 54.13%.

Analysts Set New Price Targets

GIS has been the topic of a number of analyst reports. Mizuho raised their price objective on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. TD Cowen raised their price objective on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. HSBC increased their target price on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 target price on shares of General Mills in a research report on Monday, April 22nd. Finally, Bank of America increased their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, General Mills has an average rating of “Hold” and an average price target of $72.18.

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.