AQR Capital Management LLC Purchases 69,902 Shares of General Mills, Inc. (NYSE:GIS)

AQR Capital Management LLC boosted its position in General Mills, Inc. (NYSE:GIS) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,232 shares of the company’s stock after purchasing an additional 69,902 shares during the quarter. AQR Capital Management LLC owned about 0.21% of General Mills worth $73,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Aveo Capital Partners LLC bought a new position in shares of General Mills in the fourth quarter worth approximately $213,000. TFO Wealth Partners LLC grew its stake in General Mills by 22,610.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,271 shares of the company’s stock worth $148,000 after buying an additional 2,261 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of General Mills by 4.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 19,085 shares of the company’s stock worth $1,243,000 after buying an additional 803 shares during the last quarter. Scotia Capital Inc. raised its position in shares of General Mills by 29.1% during the 4th quarter. Scotia Capital Inc. now owns 8,372 shares of the company’s stock valued at $545,000 after buying an additional 1,886 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its holdings in shares of General Mills by 14.6% during the 4th quarter. Tradition Wealth Management LLC now owns 5,741 shares of the company’s stock worth $374,000 after acquiring an additional 733 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Price Performance

GIS stock opened at $74.38 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. The firm’s 50-day moving average price is $70.70 and its two-hundred day moving average price is $68.77. The stock has a market capitalization of $41.51 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. General Mills’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. As a group, equities analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, October 10th. General Mills’s dividend payout ratio (DPR) is currently 55.68%.

Wall Street Analyst Weigh In

GIS has been the topic of a number of research analyst reports. Piper Sandler increased their target price on General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Barclays raised their price objective on General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. cut their target price on General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. The Goldman Sachs Group initiated coverage on shares of General Mills in a research note on Monday, August 12th. They set a “buy” rating and a $76.00 price target on the stock. Finally, Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills has an average rating of “Hold” and a consensus price target of $72.73.

Insider Buying and Selling at General Mills

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the sale, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

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.