Everence Capital Management Inc. Boosts Stock Holdings in General Mills, Inc. (NYSE:GIS)

Everence Capital Management Inc. lifted its stake in General Mills, Inc. (NYSE:GIS) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,500 shares of the company’s stock after purchasing an additional 770 shares during the period. Everence Capital Management Inc.’s holdings in General Mills were worth $1,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Values First Advisors Inc. purchased a new position in shares of General Mills in the 3rd quarter valued at about $27,000. First Foundation Advisors raised its holdings in General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. Planning Capital Management Corp lifted its stake in General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after acquiring an additional 193 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in General Mills during the 3rd quarter worth approximately $44,000. Finally, Rise Advisors LLC increased its position in shares of General Mills by 46.7% in the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after purchasing an additional 193 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Mills

In other General Mills news, Director Maria Sastre sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the transaction, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 56,624 shares of company stock valued at $3,897,326. Corporate insiders own 0.26% of the company’s stock.

General Mills Trading Up 0.5 %

NYSE:GIS opened at $63.88 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. The stock’s 50 day simple moving average is $65.36 and its 200-day simple moving average is $67.92. General Mills, Inc. has a 12-month low of $61.47 and a 12-month high of $75.90. The firm has a market cap of $35.21 billion, a P/E ratio of 15.21, a PEG ratio of 3.41 and a beta of 0.11.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. Equities analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Dividend Announcement

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

Analysts Set New Price Targets

GIS has been the subject of a number of analyst reports. Wells Fargo & Company lowered 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 dropped their price objective on General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Barclays decreased their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research note on Thursday, December 19th. Finally, Piper Sandler boosted their price objective on shares of General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.56.

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.