International Assets Investment Management LLC Purchases 443,202 Shares of General Mills, Inc. (NYSE:GIS)

International Assets Investment Management LLC grew its position in General Mills, Inc. (NYSE:GIS) by 6,114.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 450,451 shares of the company’s stock after acquiring an additional 443,202 shares during the period. International Assets Investment Management LLC owned about 0.08% of General Mills worth $33,266,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Coston McIsaac & Partners lifted its stake in General Mills by 3.9% in the 3rd quarter. Coston McIsaac & Partners now owns 73,515 shares of the company’s stock valued at $5,428,000 after purchasing an additional 2,737 shares during the last quarter. Greenleaf Trust raised its stake in General Mills by 3.2% in the third quarter. Greenleaf Trust now owns 21,415 shares of the company’s stock valued at $1,581,000 after buying an additional 667 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of General Mills in the third quarter valued at approximately $262,000. Meadow Creek Wealth Advisors LLC boosted its stake in shares of General Mills by 8.3% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 3,762 shares of the company’s stock worth $278,000 after acquiring an additional 289 shares during the period. Finally, Lecap Asset Management Ltd. increased its holdings in shares of General Mills by 21.7% during the 3rd quarter. Lecap Asset Management Ltd. now owns 11,841 shares of the company’s stock worth $874,000 after acquiring an additional 2,115 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the transaction, the insider now owns 36,184 shares in the company, valued at $2,700,411.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the sale, the insider now directly owns 36,184 shares in the company, valued at approximately $2,700,411.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mark A. Pallot sold 8,083 shares of General Mills stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total transaction of $576,156.24. Following the sale, the chief accounting officer now directly owns 14,813 shares in the company, valued at $1,055,870.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock worth $4,657,676 in the last ninety days. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on GIS. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Thursday, September 19th. Piper Sandler upped their price target on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. The Goldman Sachs Group initiated coverage on shares of General Mills in a research report on Monday, August 12th. They set a “buy” rating and a $76.00 price objective for the company. TD Cowen upped their target price on General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company lifted their price target on General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.00.

General Mills Stock Down 0.0 %

Shares of NYSE GIS opened at $68.28 on Tuesday. General Mills, Inc. has a 52 week low of $61.47 and a 52 week high of $75.90. The stock’s fifty day moving average is $72.28 and its 200 day moving average is $69.18. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The stock has a market capitalization of $38.11 billion, a P/E ratio of 15.84, a PEG ratio of 3.55 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 EPS. Sell-side analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.52%. General Mills’s dividend payout ratio (DPR) is currently 55.68%.

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.