HBW Advisory Services LLC Has $2.24 Million Holdings in General Mills, Inc. (NYSE:GIS)

HBW Advisory Services LLC lifted its stake in General Mills, Inc. (NYSE:GIS) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,124 shares of the company’s stock after buying an additional 1,124 shares during the period. HBW Advisory Services LLC’s holdings in General Mills were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission.

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

General Mills Stock Performance

General Mills stock traded down $1.88 during midday trading on Friday, reaching $58.49. The stock had a trading volume of 3,013,092 shares, compared to its average volume of 4,033,949. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $32.24 billion, a PE ratio of 13.93, a P/E/G ratio of 3.47 and a beta of 0.11. General Mills, Inc. has a 12 month low of $58.31 and a 12 month high of $75.90. The firm’s 50-day moving average price is $64.71 and its 200 day moving average price is $67.74.

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

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GIS. 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 report on Tuesday. Citigroup lowered their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and raised their price objective for the company from $78.00 to $80.00 in a report on Friday, December 13th. Stifel Nicolaus dropped their target price on General Mills from $82.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Piper Sandler boosted their price target on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.31.

Insider Activity

In related news, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark A. Pallot sold 8,083 shares of General Mills stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total transaction of $576,156.24. Following the sale, the chief accounting officer now owns 14,813 shares of the company’s stock, valued at approximately $1,055,870.64. The trade was a 35.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,624 shares of company stock worth $3,897,326. 0.26% of the stock is 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.