GAMMA Investing LLC Has $1.11 Million Holdings in General Mills, Inc. (NYSE:GIS)

GAMMA Investing LLC boosted its stake in General Mills, Inc. (NYSE:GIS) by 40.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,470 shares of the company’s stock after buying an additional 5,053 shares during the period. GAMMA Investing LLC’s holdings in General Mills were worth $1,114,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC lifted its holdings in General Mills by 2.6% during the 2nd quarter. Natixis Advisors LLC now owns 128,452 shares of the company’s stock valued at $8,126,000 after purchasing an additional 3,232 shares during the last quarter. Founders Financial Securities LLC increased its holdings in General Mills by 12.0% during the 2nd quarter. Founders Financial Securities LLC now owns 5,879 shares of the company’s stock valued at $372,000 after purchasing an additional 629 shares in the last quarter. Foundations Investment Advisors LLC raised its position in General Mills by 4.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 11,818 shares of the company’s stock valued at $748,000 after purchasing an additional 456 shares during the last quarter. TD Asset Management Inc boosted its stake in General Mills by 9.0% in the second quarter. TD Asset Management Inc now owns 938,096 shares of the company’s stock worth $59,344,000 after purchasing an additional 77,843 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of General Mills by 21.2% during the second quarter. National Bank of Canada FI now owns 529,187 shares of the company’s stock worth $33,484,000 after purchasing an additional 92,495 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total value of $3,190,365.00. Following the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. The trade was a 11.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,624 shares of company stock valued at $3,897,326. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on GIS. Barclays reduced their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Citigroup decreased their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price objective on shares of General Mills from $70.00 to $68.00 and set an “equal weight” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. Finally, 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 report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.56.

General Mills Price Performance

Shares of GIS stock opened at $63.88 on Friday. The firm has a market capitalization of $35.21 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 3.41 and a beta of 0.11. General Mills, Inc. has a 12-month low of $61.47 and a 12-month high of $75.90. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average of $65.36 and a 200-day moving average of $67.92.

General Mills (NYSE:GIS) last released 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 company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the firm posted $1.25 earnings per share. General Mills’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.76%. General Mills’s payout ratio is 52.17%.

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.