Highland Private Wealth Management Makes New $214,000 Investment in General Mills, Inc. (NYSE:GIS)

Highland Private Wealth Management acquired a new position in shares of General Mills, Inc. (NYSE:GISGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,839 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. O Shaughnessy Asset Management LLC grew its position in General Mills by 46.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,925 shares of the company’s stock worth $804,000 after purchasing an additional 3,800 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of General Mills by 21.8% during the 4th quarter. Schroder Investment Management Group now owns 579,472 shares of the company’s stock valued at $39,046,000 after acquiring an additional 103,630 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of General Mills by 4.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 45,793 shares of the company’s stock valued at $3,086,000 after acquiring an additional 1,824 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of General Mills by 2.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 122,843 shares of the company’s stock valued at $8,276,000 after acquiring an additional 2,999 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of General Mills by 13.9% during the 4th quarter. Mutual Advisors LLC now owns 14,795 shares of the company’s stock valued at $997,000 after acquiring an additional 1,808 shares in the last quarter. 75.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GIS shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of General Mills from $81.00 to $88.00 in a report on Thursday. Credit Suisse Group boosted their price target on shares of General Mills from $74.00 to $77.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley boosted their price target on shares of General Mills from $66.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday. Bank of America lifted their price objective on shares of General Mills from $74.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Piper Sandler lifted their price objective on shares of General Mills from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.83.

Insider Transactions at General Mills

In other news, insider Sean N. Walker sold 29,489 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $75.00, for a total transaction of $2,211,675.00. Following the transaction, the insider now owns 89,989 shares in the company, valued at approximately $6,749,175. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Dana M. Mcnabb sold 10,993 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $76.16, for a total value of $837,226.88. Following the sale, the insider now owns 14,884 shares of the company’s stock, valued at $1,133,565.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sean N. Walker sold 29,489 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $75.00, for a total transaction of $2,211,675.00. Following the completion of the sale, the insider now directly owns 89,989 shares in the company, valued at approximately $6,749,175. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,317 shares of company stock worth $7,429,156. 0.67% of the stock is currently owned by company insiders.

General Mills Stock Up 1.3 %

General Mills stock opened at $80.78 on Friday. The firm has a market cap of $48.12 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 2.62 and a beta of 0.33. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.60 and a quick ratio of 0.40. General Mills, Inc. has a fifty-two week low of $58.85 and a fifty-two week high of $81.24. The firm has a fifty day moving average price of $76.11 and a two-hundred day moving average price of $71.77.

General Mills (NYSE:GISGet Rating) last released its earnings results on Wednesday, September 21st. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.72 billion. General Mills had a net margin of 15.13% and a return on equity of 23.87%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. As a group, analysts forecast that General Mills, Inc. will post 4.06 earnings per share for the current year.

General Mills Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 7th. Stockholders of record on Friday, July 8th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, July 7th. General Mills’s payout ratio is 45.47%.

General Mills Profile

(Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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, nutrition bars, wellness beverages, and savory and grain 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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