General Mills, Inc. (NYSE:GIS) Position Decreased by Foster Dykema Cabot & Partners LLC

Foster Dykema Cabot & Partners LLC cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 23.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,230 shares of the company’s stock after selling 683 shares during the period. Foster Dykema Cabot & Partners LLC’s holdings in General Mills were worth $142,000 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. Barclays PLC increased its holdings in shares of General Mills by 1.2% in the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company’s stock valued at $120,691,000 after purchasing an additional 19,290 shares during the period. Bard Financial Services Inc. lifted its holdings in General Mills by 0.6% in the 3rd quarter. Bard Financial Services Inc. now owns 108,475 shares of the company’s stock worth $8,011,000 after purchasing an additional 700 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of General Mills in the third quarter worth $403,000. Wilmington Savings Fund Society FSB lifted its position in General Mills by 138.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 37,487 shares of the company’s stock worth $2,768,000 after acquiring an additional 21,790 shares during the last quarter. Finally, Optimist Retirement Group LLC boosted its stake in General Mills by 19.0% during the 3rd quarter. Optimist Retirement Group LLC now owns 28,362 shares of the company’s stock valued at $2,095,000 after purchasing an additional 4,528 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research note on Monday, March 17th. Morgan Stanley started coverage on shares of General Mills in a report on Monday, March 24th. They issued an “underweight” rating and a $53.00 target price on the stock. Piper Sandler dropped their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Mizuho lowered their price objective on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Citigroup dropped their target price on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.69.

General Mills Trading Down 2.3 %

Shares of GIS stock opened at $56.52 on Thursday. The company has a market cap of $31.16 billion, a P/E ratio of 12.29, a PEG ratio of 1.94 and a beta of 0.15. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The stock has a 50 day simple moving average of $59.52 and a two-hundred day simple moving average of $63.18.

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

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is currently 52.75%.

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.