Virtu Financial LLC Makes New Investment in General Mills, Inc. (NYSE:GIS)

Virtu Financial LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 34,721 shares of the company’s stock, valued at approximately $2,214,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in General Mills during the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new position in General Mills during the 4th quarter worth $31,000. VSM Wealth Advisory LLC bought a new position in General Mills during the 4th quarter worth $32,000. Finally, Bank of Jackson Hole Trust bought a new position in General Mills during the 4th quarter worth $34,000. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on GIS. JPMorgan Chase & Co. lowered their price objective on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday. Citigroup decreased their price target on General Mills from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Piper Sandler decreased their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Bank of America decreased their price target on General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, General Mills presently has an average rating of “Hold” and an average target price of $66.53.

General Mills Stock Up 0.8 %

Shares of GIS opened at $58.78 on Friday. The company has a market capitalization of $32.40 billion, a PE ratio of 12.78, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The stock’s 50-day moving average price is $60.00 and its two-hundred day moving average price is $65.23. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. On average, analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is presently 52.75%.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company’s stock.

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.