Tyler Stone Wealth Management Increases Position in General Mills, Inc. (NYSE:GIS)

Tyler Stone Wealth Management raised its stake in General Mills, Inc. (NYSE:GIS) by 5.8% during the fourth quarter, HoldingsChannel reports. The fund owned 15,568 shares of the company’s stock after buying an additional 851 shares during the period. Tyler Stone Wealth Management’s holdings in General Mills were worth $993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills in the fourth quarter worth $26,000. CBIZ Investment Advisory Services LLC purchased a new position in General Mills in the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills during the 4th quarter worth $31,000. VSM Wealth Advisory LLC bought a new stake in General Mills during the 4th quarter valued at approximately $32,000. Finally, Bank of Jackson Hole Trust bought a new position in General Mills in the 4th quarter worth approximately $34,000. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares of the company’s stock, valued at $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

General Mills Price Performance

NYSE:GIS opened at $57.75 on Wednesday. The stock has a market capitalization of $31.83 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The stock’s 50-day moving average price is $59.95 and its 200-day moving average price is $64.93.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. As a group, equities analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.16%. General Mills’s dividend payout ratio is currently 52.75%.

Analysts Set New Price Targets

Several research firms have recently commented on GIS. JPMorgan Chase & Co. lowered their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Piper Sandler dropped their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. Morgan Stanley started coverage on shares of General Mills in a research note on Monday. They issued an “underweight” rating and a $53.00 target price on the stock. Finally, Citigroup dropped their price target on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $65.69.

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.