General Mills, Inc. (NYSE:GIS) Shares Bought by HBW Advisory Services LLC

HBW Advisory Services LLC lifted its holdings in General Mills, Inc. (NYSE:GIS) by 0.6% in the third quarter, HoldingsChannel reports. The firm owned 34,000 shares of the company’s stock after buying an additional 196 shares during the quarter. HBW Advisory Services LLC’s holdings in General Mills were worth $2,511,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its position in General Mills by 142.1% in the 3rd quarter. SG Americas Securities LLC now owns 254,510 shares of the company’s stock valued at $18,796,000 after buying an additional 149,367 shares during the period. Curbstone Financial Management Corp raised its stake in shares of General Mills by 3.3% in the third quarter. Curbstone Financial Management Corp now owns 8,864 shares of the company’s stock valued at $655,000 after acquiring an additional 280 shares in the last quarter. Czech National Bank boosted its holdings in General Mills by 5.4% in the third quarter. Czech National Bank now owns 113,389 shares of the company’s stock valued at $8,374,000 after purchasing an additional 5,808 shares during the period. Trust Co. of Toledo NA OH grew its stake in General Mills by 6.0% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 34,084 shares of the company’s stock worth $2,517,000 after purchasing an additional 1,935 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. increased its holdings in General Mills by 17.1% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 5,747 shares of the company’s stock worth $424,000 after purchasing an additional 840 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Mills

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 shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the transaction, the insider now owns 36,184 shares in the company, valued at approximately $2,700,411.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jonathon Nudi sold 9,647 shares of General Mills stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $74.39, for a total transaction of $717,640.33. Following the sale, the insider now directly owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at $2,700,411.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

General Mills Stock Performance

GIS stock traded up $0.33 on Friday, hitting $73.37. The company’s stock had a trading volume of 1,217,287 shares, compared to its average volume of 3,954,943. The stock has a market cap of $40.95 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. The firm has a 50 day moving average of $71.60 and a two-hundred day moving average of $69.04. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $75.90.

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

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.27%. General Mills’s payout ratio is currently 55.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GIS shares. Stifel Nicolaus lifted their price objective on General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Citigroup boosted their price target on shares of General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. TD Cowen raised their price objective on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their target price on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Finally, Mizuho cut their price target on General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average target price of $72.73.

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.