Tyler Stone Wealth Management Has $993,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Tyler Stone Wealth Management boosted its stake in General Mills, Inc. (NYSE:GIS) by 5.8% during the fourth quarter, according to the company in its most recent filing with the SEC. 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 filing with the SEC.

Several other large investors have also recently bought and sold shares of GIS. Endeavor Private Wealth Inc. bought a new position in shares of General Mills during the fourth quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC acquired a new position in General Mills in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake 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 worth $32,000. Finally, Bank of Jackson Hole Trust bought a new position in General Mills in the 4th quarter valued at approximately $34,000. 75.71% of the stock is owned by institutional investors.

General Mills Stock Performance

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

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

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Thursday, April 10th. General Mills’s payout ratio is presently 52.75%.

Analyst Ratings Changes

Several analysts recently weighed in on GIS shares. Stifel Nicolaus reduced their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Piper Sandler cut their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Mizuho lowered their price objective on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. Finally, Morgan Stanley started coverage on General Mills in a research note on Monday. They issued an “underweight” rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $65.69.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were 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 in the company, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

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.