Security National Bank of SO Dak Increases Stock Holdings in General Mills, Inc. (NYSE:GIS)

Security National Bank of SO Dak increased its position in General Mills, Inc. (NYSE:GIS) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,290 shares of the company’s stock after acquiring an additional 205 shares during the quarter. Security National Bank of SO Dak’s holdings in General Mills were worth $1,995,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GIS. RFG Advisory LLC increased its position in shares of General Mills by 2.6% in the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock worth $425,000 after purchasing an additional 172 shares during the last quarter. TCW Group Inc. grew its stake in General Mills by 0.8% in the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock worth $1,471,000 after buying an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC grew its stake in General Mills by 3.7% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock worth $356,000 after buying an additional 197 shares in the last quarter. Howard Capital Management Inc. increased its holdings in shares of General Mills by 5.3% in the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock worth $250,000 after buying an additional 198 shares during the last quarter. Finally, Byrne Asset Management LLC raised its position in shares of General Mills by 20.0% during the 4th quarter. Byrne Asset Management LLC now owns 1,200 shares of the company’s stock valued at $77,000 after buying an additional 200 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on GIS shares. UBS Group started coverage on shares of General Mills in a report on Wednesday, April 23rd. They set a “sell” rating and a $54.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Monday, March 17th. Jefferies Financial Group upped their price objective on General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Bank of America reduced their price objective on General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Finally, Piper Sandler dropped their target price on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $64.69.

General Mills Price Performance

Shares of General Mills stock opened at $54.34 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a one year low of $52.93 and a one year high of $75.90. The business’s 50 day simple moving average is $57.57 and its two-hundred day simple moving average is $60.95. The stock has a market capitalization of $29.95 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.