General Mills, Inc. (NYSE:GIS) Shares Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lifted its position in General Mills, Inc. (NYSE:GIS) by 6.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,750 shares of the company’s stock after acquiring an additional 1,140 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in General Mills were worth $1,196,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Lifeworks Advisors LLC purchased a new stake in shares of General Mills in the 4th quarter valued at approximately $653,000. HM Payson & Co. lifted its position in shares of General Mills by 2.1% in the 4th quarter. HM Payson & Co. now owns 26,192 shares of the company’s stock valued at $1,670,000 after acquiring an additional 545 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in General Mills by 43.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,620 shares of the company’s stock valued at $184,000 after buying an additional 791 shares during the period. Oak Hill Wealth Advisors LLC increased its stake in General Mills by 223.7% in the 4th quarter. Oak Hill Wealth Advisors LLC now owns 6,254 shares of the company’s stock valued at $399,000 after buying an additional 11,308 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its stake in General Mills by 2.1% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 13,819 shares of the company’s stock valued at $881,000 after buying an additional 287 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

NYSE GIS opened at $64.53 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The company has a fifty day simple moving average of $60.33 and a 200 day simple moving average of $66.00. The company has a market cap of $35.57 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last posted 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 business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. On average, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Citigroup dropped their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Bank of America dropped their price objective on shares of General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Piper Sandler dropped their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Finally, TD Cowen dropped their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, General Mills presently has an average rating of “Hold” and a consensus price target of $69.06.

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.