General Mills, Inc. (NYSE:GIS) Shares Bought by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,810 shares of the company’s stock after acquiring an additional 235 shares during the period. General Mills comprises about 1.4% of Bridge Creek Capital Management LLC’s holdings, making the stock its 24th biggest position. Bridge Creek Capital Management LLC’s holdings in General Mills were worth $4,643,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC raised its stake in shares of General Mills by 9.0% during the 2nd quarter. LPL Financial LLC now owns 764,816 shares of the company’s stock worth $48,382,000 after buying an additional 63,113 shares during the last quarter. BOKF NA lifted its holdings in shares of General Mills by 1.8% in the second quarter. BOKF NA now owns 24,621 shares of the company’s stock valued at $1,558,000 after purchasing an additional 428 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of General Mills by 7.4% in the second quarter. Oppenheimer & Co. Inc. now owns 47,411 shares of the company’s stock valued at $2,999,000 after purchasing an additional 3,270 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in shares of General Mills by 48.8% during the 2nd quarter. Meeder Advisory Services Inc. now owns 12,349 shares of the company’s stock worth $781,000 after purchasing an additional 4,052 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of General Mills by 6.0% during the 2nd quarter. Parallel Advisors LLC now owns 21,716 shares of the company’s stock worth $1,374,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GIS shares. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and raised their price target for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Piper Sandler lifted their price objective on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Barclays reduced their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. TD Cowen lowered their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research note on Thursday, December 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. According to MarketBeat.com, General Mills presently has an average rating of “Hold” and an average target price of $71.31.

General Mills Trading Up 1.4 %

Shares of NYSE:GIS traded up $0.82 during trading on Monday, reaching $59.32. 3,146,117 shares of the stock were exchanged, compared to its average volume of 4,317,748. General Mills, Inc. has a 12-month low of $58.27 and a 12-month high of $75.90. The firm’s 50-day moving average price is $64.51 and its 200 day moving average price is $67.70. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The firm has a market cap of $32.70 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 3.47 and a beta of 0.11.

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

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Insiders Place Their Bets

In other General Mills news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares in the company, valued at approximately $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. Insiders sold a total of 56,624 shares of company stock worth $3,897,326 in the last 90 days. 0.26% of the stock is owned by company insiders.

About General Mills

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.