General Mills, Inc. (NYSE:GIS) Shares Purchased by Saturna Capital Corp

Saturna Capital Corp raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,062 shares of the company’s stock after buying an additional 760 shares during the quarter. Saturna Capital Corp’s holdings in General Mills were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GIS. Endeavor Private Wealth Inc. acquired a new stake in shares of General Mills during the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills during the fourth quarter valued at approximately $31,000. Bank of Jackson Hole Trust acquired a new stake in General Mills during the fourth quarter worth approximately $34,000. Planning Capital Management Corp grew its stake in General Mills by 61.5% in the 3rd 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 period. Finally, Heck Capital Advisors LLC acquired a new position in General Mills in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price objective on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday. TD Cowen decreased their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Barclays dropped their price objective on shares of 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. Wells Fargo & Company cut their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Finally, Piper Sandler lowered their target price on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, General Mills presently has a consensus rating of “Hold” and a consensus price target of $68.24.

General Mills Trading Down 4.8 %

NYSE:GIS opened at $62.15 on Wednesday. The business’s 50-day moving average is $60.34 and its two-hundred day moving average is $65.87. The firm has a market capitalization of $34.26 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last announced 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. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. Research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.86%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Insider Activity at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

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.