FUKOKU MUTUAL LIFE INSURANCE Co Grows Stock Holdings in General Mills, Inc. (NYSE:GIS)

FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in General Mills, Inc. (NYSE:GIS) by 16.7% during the fourth quarter, HoldingsChannel reports. The fund owned 4,705 shares of the company’s stock after buying an additional 673 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in General Mills were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Endeavor Private Wealth Inc. acquired a new position in shares of General Mills during the fourth quarter worth about $26,000. Planning Capital Management Corp raised its holdings in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after acquiring an additional 193 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in General Mills in the 4th quarter worth approximately $34,000. Catalyst Capital Advisors LLC purchased a new stake in General Mills in the 3rd quarter valued at about $44,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Mills during the 4th quarter worth approximately $38,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays decreased their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company lowered their price target on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus cut their price target on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Citigroup cut their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, Piper Sandler decreased their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.06.

General Mills Stock Performance

General Mills stock opened at $59.28 on Thursday. 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 stock has a market cap of $32.68 billion, a PE ratio of 12.89, a P/E/G ratio of 1.94 and a beta of 0.10. The business’s 50-day moving average price is $60.63 and its two-hundred day moving average price is $66.38.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. As a group, analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed 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 4.05%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.17%.

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.