General Mills, Inc. (NYSE:GIS) Shares Purchased by Exeter Financial LLC

Exeter Financial LLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,366 shares of the company’s stock after purchasing an additional 490 shares during the quarter. Exeter Financial LLC’s holdings in General Mills were worth $2,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ossiam grew its position in shares of General Mills by 48.2% during the fourth quarter. Ossiam now owns 41,081 shares of the company’s stock worth $2,676,000 after buying an additional 13,362 shares in the last quarter. Elo Mutual Pension Insurance Co grew its position in shares of General Mills by 3.5% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 50,749 shares of the company’s stock worth $3,306,000 after buying an additional 1,701 shares in the last quarter. XML Financial LLC grew its position in shares of General Mills by 6.7% during the fourth quarter. XML Financial LLC now owns 34,257 shares of the company’s stock worth $2,232,000 after buying an additional 2,152 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of General Mills during the fourth quarter worth about $4,530,000. Finally, MGO One Seven LLC grew its position in shares of General Mills by 285.8% during the fourth quarter. MGO One Seven LLC now owns 30,524 shares of the company’s stock worth $1,988,000 after buying an additional 22,612 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Price Performance

Shares of NYSE GIS opened at $72.74 on Tuesday. The stock has a market cap of $40.60 billion, a P/E ratio of 16.88, a P/E/G ratio of 3.82 and a beta of 0.10. 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 stock has a 50 day moving average of $71.74 and a two-hundred day moving average of $69.08. General Mills, Inc. has a twelve month low of $61.01 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $4.85 billion for 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%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. On average, research analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, October 10th. General Mills’s payout ratio is currently 55.68%.

Analyst Ratings Changes

GIS has been the subject of a number of analyst reports. TD Cowen boosted their price objective on General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Mizuho decreased their target price on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. decreased 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. Piper Sandler boosted their target price on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Finally, Barclays boosted their target price on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $72.73.

Insider Activity

In related news, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the transaction, the insider now owns 36,184 shares of the company’s stock, valued at $2,700,411.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the transaction, the insider now owns 36,184 shares of the company’s stock, valued at $2,700,411.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathon Nudi sold 9,647 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.39, for a total value of $717,640.33. Following the transaction, the insider now directly owns 128,664 shares in the company, valued at $9,571,314.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

General Mills 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.