PSI Advisors LLC Buys 394 Shares of General Mills, Inc. (NYSE:GIS)

PSI Advisors LLC increased its stake in General Mills, Inc. (NYSE:GIS) by 38.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,429 shares of the company’s stock after acquiring an additional 394 shares during the period. PSI Advisors LLC’s holdings in General Mills were worth $91,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Values First Advisors Inc. bought a new stake in General Mills in the 3rd quarter worth $27,000. Planning Capital Management Corp raised its stake 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 valued at $37,000 after acquiring an additional 193 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of General Mills during the second quarter worth about $42,000. Catalyst Capital Advisors LLC bought a new stake in shares of General Mills in the third quarter worth about $44,000. Finally, Rise Advisors LLC increased its holdings in General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after purchasing an additional 193 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler increased their price objective on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. upped their target price on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Citigroup cut their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. TD Cowen reduced their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Finally, Barclays dropped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.31.

General Mills Trading Down 0.9 %

NYSE:GIS opened at $58.82 on Wednesday. The firm has a market capitalization of $32.42 billion, a P/E ratio of 14.00, a PEG ratio of 3.47 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. General Mills, Inc. has a one year low of $58.27 and a one year high of $75.90. The company’s 50-day simple moving average is $64.15 and its 200 day simple moving average is $67.64.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts forecast that General Mills, Inc. will post 4.5 EPS 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. Stockholders of record on Friday, January 10th will be paid a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. General Mills’s dividend payout ratio is currently 52.17%.

Insider Activity

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the sale, the chief executive officer now owns 355,328 shares in the company, valued at $24,379,054.08. This represents a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. Insiders sold 48,541 shares of company stock worth $3,321,170 over the last three months. 0.26% of the stock is currently owned by corporate insiders.

About General Mills

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.