Toth Financial Advisory Corp raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 13.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 65,319 shares of the company’s stock after acquiring an additional 7,658 shares during the period. Toth Financial Advisory Corp’s holdings in General Mills were worth $4,027,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of GIS. Cipher Capital LP purchased a new stake in General Mills during the 4th quarter valued at approximately $241,000. Blair William & Co. IL lifted its position in shares of General Mills by 4.9% during the fourth quarter. Blair William & Co. IL now owns 78,273 shares of the company’s stock worth $4,192,000 after purchasing an additional 3,629 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of General Mills during the fourth quarter valued at $3,700,000. Dai Ichi Life Insurance Company Ltd increased its stake in shares of General Mills by 1.1% during the fourth quarter. Dai Ichi Life Insurance Company Ltd now owns 77,733 shares of the company’s stock valued at $4,163,000 after buying an additional 862 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of General Mills by 21.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,853 shares of the company’s stock valued at $367,000 after buying an additional 1,205 shares during the period. Institutional investors and hedge funds own 70.52% of the company’s stock.
Several equities research analysts have weighed in on the company. Stifel Nicolaus lowered their price target on General Mills from $62.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Jefferies Financial Group boosted their price target on General Mills from $56.00 to $61.00 and gave the company a “positive” rating in a report on Thursday, May 21st. ValuEngine cut General Mills from a “hold” rating to a “sell” rating in a research report on Monday, June 8th. Royal Bank of Canada boosted their price target on General Mills from $57.00 to $61.00 in a research report on Thursday, March 19th. Finally, Piper Sandler restated a “buy” rating and issued a $71.00 target price on shares of General Mills in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $61.56.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.04. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.98 billion. General Mills had a return on equity of 27.66% and a net margin of 12.37%. General Mills’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. Research analysts anticipate that General Mills, Inc. will post 3.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, July 9th. General Mills’s payout ratio is 54.29%.
In other General Mills news, insider Jonathon Nudi sold 4,224 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $59.87, for a total transaction of $252,890.88. Following the completion of the transaction, the insider now owns 58,762 shares of the company’s stock, valued at $3,518,080.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jodi J. Benson sold 17,475 shares of General Mills stock in a transaction on Monday, April 20th. The shares were sold at an average price of $61.19, for a total value of $1,069,295.25. Following the completion of the sale, the insider now directly owns 47,702 shares of the company’s stock, valued at approximately $2,918,885.38. The disclosure for this sale can be found here. Insiders have sold 68,070 shares of company stock valued at $4,102,128 in the last three months. 0.52% of the stock is currently owned by company insiders.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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