General Mills, Inc. (NYSE:GIS) Stock Holdings Lifted by JB Capital LLC

JB Capital LLC raised its position in shares of General Mills, Inc. (NYSE:GIS) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,372 shares of the company’s stock after purchasing an additional 580 shares during the period. JB Capital LLC’s holdings in General Mills were worth $3,646,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Values First Advisors Inc. bought a new position in General Mills during the third quarter valued at approximately $27,000. RFP Financial Group LLC raised its stake in shares of General Mills by 66.3% in the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock valued at $30,000 after acquiring an additional 173 shares in the last quarter. First Foundation Advisors grew its holdings in General Mills by 400.0% during the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Beacon Capital Management LLC lifted its stake in shares of General Mills by 47.5% in the first quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock worth $39,000 after buying an additional 180 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of General Mills during the 3rd quarter worth $44,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GIS has been the topic of several research analyst reports. Stifel Nicolaus raised their price target on General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. TD Cowen raised 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. Argus reissued a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. Piper Sandler raised their price objective on shares of General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Finally, The Goldman Sachs Group initiated coverage on shares of General Mills in a research report on Monday, August 12th. They issued a “buy” rating and a $76.00 price target for the company. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.00.

General Mills Price Performance

GIS traded down $0.06 during trading on Thursday, hitting $65.93. The company’s stock had a trading volume of 355,513 shares, compared to its average volume of 3,872,207. General Mills, Inc. has a 12 month low of $61.47 and a 12 month high of $75.90. The stock has a market capitalization of $36.60 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 3.50 and a beta of 0.11. 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’s 50 day moving average price is $71.86 and its two-hundred day moving average price is $69.15.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating 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 firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter last year, the company posted $1.09 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Sell-side analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.64%. The ex-dividend date was Thursday, October 10th. General Mills’s dividend payout ratio is 57.14%.

Insider Buying and Selling at General Mills

In other news, CAO Mark A. Pallot sold 8,083 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total transaction of $576,156.24. Following the completion of the sale, the chief accounting officer now owns 14,813 shares in the company, valued at $1,055,870.64. 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 through this link. In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction on 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mark A. Pallot sold 8,083 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total value of $576,156.24. Following the completion of the transaction, the chief accounting officer now directly owns 14,813 shares in the company, valued at approximately $1,055,870.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,555 shares of company stock worth $4,657,676. Insiders own 0.26% of the company’s stock.

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.