General Mills, Inc. (NYSE:GIS) Shares Bought by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 36.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,820 shares of the company’s stock after purchasing an additional 1,012 shares during the period. Smith Thornton Advisors LLC’s holdings in General Mills were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GIS. Values First Advisors Inc. purchased a new stake in shares of General Mills during the third quarter worth about $27,000. Planning Capital Management Corp lifted its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in General Mills in the third quarter worth about $44,000. Rise Advisors LLC increased its holdings in General Mills by 46.7% in the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after buying an additional 193 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new stake in General Mills during the second quarter valued at approximately $42,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GIS. Deutsche Bank Aktiengesellschaft decreased their target price on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company lowered their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Piper Sandler lifted their price objective on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Finally, TD Cowen dropped their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $71.31.

General Mills Price Performance

NYSE GIS opened at $58.32 on Thursday. The company has a 50 day moving average price of $64.15 and a two-hundred day moving average price of $67.64. General Mills, Inc. has a 12-month low of $58.20 and a 12-month high of $75.90. The stock has a market capitalization of $32.15 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 3.65 and a beta of 0.11. 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 (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. As a group, equities analysts predict that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.12%. General Mills’s payout ratio is currently 52.17%.

Insider Buying and Selling at General Mills

In other General Mills news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares in the company, valued at approximately $24,379,054.08. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,541 shares of company stock worth $3,321,170 over the last 90 days. 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.