General Mills, Inc. (NYSE:GIS) Position Reduced by Sawyer & Company Inc

Sawyer & Company Inc reduced its holdings in General Mills, Inc. (NYSE:GIS – Get Rating) by 11.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,595 shares of the company’s stock after selling 210 shares during the quarter. Sawyer & Company Inc’s holdings in General Mills were worth $134,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Arkadios Wealth Advisors bought a new position in shares of General Mills in the 4th quarter worth about $238,000. Sound Income Strategies LLC lifted its position in shares of General Mills by 29.6% in the 4th quarter. Sound Income Strategies LLC now owns 1,536 shares of the company’s stock worth $129,000 after buying an additional 351 shares during the last quarter. Moody National Bank Trust Division lifted its position in shares of General Mills by 9.7% in the 4th quarter. Moody National Bank Trust Division now owns 9,175 shares of the company’s stock worth $769,000 after buying an additional 810 shares during the last quarter. Accurate Wealth Management LLC bought a new position in shares of General Mills in the 4th quarter worth about $252,000. Finally, Foundations Investment Advisors LLC lifted its position in shares of General Mills by 20.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 8,321 shares of the company’s stock worth $698,000 after buying an additional 1,401 shares during the last quarter. 74.48% of the stock is currently owned by institutional investors.

General Mills Stock Performance

Shares of GIS opened at $79.79 on Friday. General Mills, Inc. has a 12-month low of $61.67 and a 12-month high of $88.34. The firm’s 50 day moving average is $78.79 and its 200-day moving average is $79.91. The stock has a market capitalization of $47.04 billion, a P/E ratio of 16.66, a P/E/G ratio of 2.56 and a beta of 0.28. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.58 and a quick ratio of 0.35.

General Mills (NYSE:GIS – Get Rating) last posted its earnings results on Tuesday, December 20th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.04. General Mills had a net margin of 15.02% and a return on equity of 24.09%. The firm had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Equities research analysts anticipate that General Mills, Inc. will post 4.18 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 10th will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, April 6th. This represents a $2.16 dividend on an annualized basis and a yield of 2.71%. General Mills’s dividend payout ratio is currently 45.09%.

Analysts Set New Price Targets

GIS has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of General Mills from $82.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. Piper Sandler increased their price objective on shares of General Mills from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. Morgan Stanley dropped their price objective on shares of General Mills from $73.00 to $69.00 and set an “underweight” rating on the stock in a report on Thursday, February 16th. Credit Suisse Group increased their price objective on shares of General Mills from $77.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, December 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of General Mills from $76.00 to $77.00 and gave the stock a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.94.

Insider Activity

In other General Mills news, CAO Mark A. Pallot sold 1,955 shares of the business’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $85.99, for a total transaction of $168,110.45. Following the completion of the sale, the chief accounting officer now directly owns 17,146 shares of the company’s stock, valued at approximately $1,474,384.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Mark A. Pallot sold 1,955 shares of the company’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $85.99, for a total value of $168,110.45. Following the completion of the sale, the chief accounting officer now directly owns 17,146 shares of the company’s stock, valued at approximately $1,474,384.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sean N. Walker sold 27,157 shares of the stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $84.87, for a total value of $2,304,814.59. Following the sale, the insider now directly owns 90,975 shares of the company’s stock, valued at $7,721,048.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,006 shares of company stock worth $3,393,359. Corporate insiders own 0.67% of the company’s stock.

General Mills Company Profile

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General Mills, Inc engages in the manufacture and marketing of branded consumer foods sold through retail stores. The firm operates through the following segments: North America Retail, Europe & Australia, Convenience Stores & Foodservice, Pet, and Asia & Latin America. The North America Retail segment includes grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains and e-commerce grocery providers.