BerganKDV Wealth Management LLC Buys 686 Shares of General Mills, Inc. (NYSE:GIS)

BerganKDV Wealth Management LLC increased its holdings in General Mills, Inc. (NYSE:GISGet Rating) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,810 shares of the company’s stock after acquiring an additional 686 shares during the period. BerganKDV Wealth Management LLC’s holdings in General Mills were worth $2,696,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Marquette Asset Management LLC bought a new position in shares of General Mills in the first quarter valued at approximately $26,000. HWG Holdings LP bought a new position in shares of General Mills in the fourth quarter valued at approximately $30,000. Riverview Trust Co grew its holdings in shares of General Mills by 204.7% in the first quarter. Riverview Trust Co now owns 457 shares of the company’s stock valued at $31,000 after acquiring an additional 307 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC grew its holdings in shares of General Mills by 67.8% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 515 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of General Mills in the fourth quarter valued at approximately $37,000. 74.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Mark A. Pallot sold 2,255 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $74.66, for a total value of $168,358.30. Following the sale, the chief accounting officer now owns 17,087 shares in the company, valued at $1,275,715.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Mark A. Pallot sold 2,255 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $74.66, for a total value of $168,358.30. Following the transaction, the chief accounting officer now owns 17,087 shares of the company’s stock, valued at $1,275,715.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sean N. Walker sold 29,489 shares of the stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $75.00, for a total value of $2,211,675.00. Following the completion of the transaction, 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. Over the last quarter, insiders have sold 42,737 shares of company stock worth $3,217,260. Corporate insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on GIS shares. Citigroup upped their price objective on General Mills from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, June 30th. Royal Bank of Canada upped their price objective on General Mills from $66.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, July 1st. BMO Capital Markets upped their price objective on General Mills from $66.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, June 30th. Deutsche Bank Aktiengesellschaft upped their price objective on General Mills from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, June 30th. Finally, Morgan Stanley upped their price objective on General Mills from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Friday, July 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $72.73.

General Mills Stock Performance

Shares of NYSE:GIS traded up $0.65 during trading on Friday, hitting $76.17. 2,266,053 shares of the company were exchanged, compared to its average volume of 3,418,966. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.63 and a quick ratio of 0.40. General Mills, Inc. has a 52-week low of $56.67 and a 52-week high of $76.94. The company has a market cap of $45.49 billion, a PE ratio of 17.23, a P/E/G ratio of 2.52 and a beta of 0.35. The stock has a 50 day moving average of $72.11 and a 200 day moving average of $69.69.

General Mills (NYSE:GISGet Rating) last issued its quarterly earnings data on Wednesday, June 29th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. General Mills had a return on equity of 23.74% and a net margin of 14.25%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts predict that General Mills, Inc. will post 4 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, July 7th. Investors of record on Friday, July 8th were given a $0.54 dividend. The ex-dividend date was Thursday, July 7th. General Mills’s dividend payout ratio (DPR) is presently 48.87%.

About General Mills

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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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