4,325 Shares in General Mills, Inc. (NYSE:GIS) Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC bought a new position in General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,325 shares of the company’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new stake in General Mills during the 4th quarter worth about $26,000. CBIZ Investment Advisory Services LLC acquired a new stake in General Mills during the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of General Mills in the fourth quarter valued at $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of General Mills in the fourth quarter worth $32,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of General Mills during the fourth quarter valued at $34,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction that occurred on 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 filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Piper Sandler lowered their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Barclays cut their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Morgan Stanley began coverage on shares of General Mills in a report on Monday, March 24th. They set an “underweight” rating and a $53.00 price target on the stock. Finally, Mizuho cut their price objective on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average target price of $65.69.

General Mills Trading Down 2.2 %

NYSE:GIS opened at $59.64 on Friday. The company’s 50 day moving average is $59.97 and its 200-day moving average is $64.26. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The firm has a market cap of $32.87 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.94 and a beta of 0.06.

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 net margin of 13.08% and a return on equity of 27.55%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. Equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

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 4.02%. General Mills’s dividend payout ratio is presently 52.75%.

General Mills 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.