General Mills, Inc. (NYSE:GIS) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 129.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 184,823 shares of the company’s stock after buying an additional 104,436 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in General Mills were worth $13,649,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Values First Advisors Inc. acquired a new position in shares of General Mills in the third quarter valued at approximately $27,000. RFP Financial Group LLC raised its position in General Mills by 66.3% in the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock valued at $30,000 after purchasing an additional 173 shares during the last quarter. First Foundation Advisors raised its position in General Mills by 400.0% during the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after buying an additional 400 shares during the last quarter. TruNorth Capital Management LLC purchased a new position in General Mills during the 2nd quarter worth $38,000. Finally, Beacon Capital Management LLC raised its position in General Mills by 47.5% during the 1st quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock worth $39,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 0.9 %

GIS traded up $0.58 during mid-day trading on Friday, reaching $65.52. The stock had a trading volume of 3,006,051 shares, compared to its average volume of 3,361,745. The stock has a market capitalization of $36.37 billion, a P/E ratio of 15.60, a P/E/G ratio of 3.39 and a beta of 0.11. 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’s fifty day simple moving average is $71.60 and its two-hundred day simple moving average is $69.09. General Mills, Inc. has a 52 week low of $61.47 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter last year, the business posted $1.09 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, equities analysts predict that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, October 10th. General Mills’s payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GIS shares. Argus reissued a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. JPMorgan Chase & Co. increased their price objective on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. TD Cowen increased their price objective on shares of General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company raised their price target on shares of General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group initiated coverage on shares of General Mills in a research report on Monday, August 12th. They set a “buy” rating and a $76.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.00.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 46,500 shares of General Mills stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total transaction 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 approximately $24,379,054.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Jeffrey L. Harmening sold 46,500 shares of General Mills 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 sale, the chief executive officer now directly owns 355,328 shares in the company, valued at approximately $24,379,054.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,555 shares of company stock worth $4,657,676. Company insiders own 0.26% of the company’s stock.

General Mills Company 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.