870 Shares in General Mills, Inc. (NYSE:GIS) Purchased by Modus Advisors LLC

Modus Advisors LLC bought a new stake in General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 870 shares of the company’s stock, valued at approximately $55,000.

Other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC increased its stake in General Mills by 2.6% in the 2nd quarter. Natixis Advisors LLC now owns 128,452 shares of the company’s stock valued at $8,126,000 after buying an additional 3,232 shares during the last quarter. Founders Financial Securities LLC increased its position in shares of General Mills by 12.0% in the second quarter. Founders Financial Securities LLC now owns 5,879 shares of the company’s stock valued at $372,000 after acquiring an additional 629 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in General Mills by 4.0% during the second 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 grew 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 valued at $59,344,000 after purchasing an additional 77,843 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of General Mills by 21.2% during the 2nd 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. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GIS. Piper Sandler raised their target price on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. boosted their price objective on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Wells Fargo & Company cut their target price on shares of General Mills from $70.00 to $68.00 and set an “equal weight” rating for the company in a research note on Thursday, December 19th. Stifel Nicolaus lowered their price target on General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $78.00 to $80.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.56.

General Mills Stock Performance

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

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the firm earned $1.25 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Announces Dividend

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

Insider Buying and Selling at General Mills

In related news, CAO Mark A. Pallot sold 8,083 shares of the company’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 directly owns 14,813 shares in the company, valued at $1,055,870.64. This represents a 35.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey L. Harmening sold 46,500 shares of General Mills stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 355,328 shares in the company, valued at approximately $24,379,054.08. This represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,624 shares of company stock valued at $3,897,326. 0.26% of the stock is currently owned by corporate insiders.

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.