Harbor Capital Advisors Inc. Has $559,000 Stock Position in General Mills, Inc. (NYSE:GIS)

Harbor Capital Advisors Inc. grew its stake in General Mills, Inc. (NYSE:GIS) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,764 shares of the company’s stock after purchasing an additional 371 shares during the period. Harbor Capital Advisors Inc.’s holdings in General Mills were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Mesirow Financial Investment Management Inc. increased its holdings in shares of General Mills by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after buying an additional 148 shares in the last quarter. Ballentine Partners LLC grew its position in General Mills by 1.1% during the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock worth $1,097,000 after acquiring an additional 165 shares during the last quarter. EP Wealth Advisors LLC grew its position in General Mills by 0.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock worth $1,368,000 after acquiring an additional 172 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in General Mills by 1.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock valued at $783,000 after purchasing an additional 173 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its position in General Mills by 2.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 6,789 shares of the company’s stock valued at $428,000 after purchasing an additional 174 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Price Performance

General Mills stock opened at $58.82 on Wednesday. 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 firm has a market capitalization of $32.42 billion, a P/E ratio of 14.00, a PEG ratio of 3.47 and a beta of 0.11. The business has a 50-day moving average of $64.15 and a 200-day moving average of $67.64. General Mills, Inc. has a 1 year low of $58.27 and a 1 year high of $75.90.

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

General Mills Dividend Announcement

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 issued a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 4.08%. General Mills’s dividend payout ratio is presently 52.17%.

Analyst Upgrades and Downgrades

GIS has been the topic of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. Piper Sandler raised their price objective on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. TD Cowen reduced their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company decreased their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup dropped their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. One research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $71.31.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the company’s stock in a transaction that occurred on 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 $24,379,054.08. This represents a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,541 shares of company stock worth $3,321,170. Corporate insiders own 0.26% of the company’s stock.

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.