Corient Private Wealth LLC Has $17.52 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Corient Private Wealth LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 274,790 shares of the company’s stock after purchasing an additional 830 shares during the quarter. Corient Private Wealth LLC’s holdings in General Mills were worth $17,524,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of General Mills during the 3rd quarter worth approximately $243,000. OneDigital Investment Advisors LLC increased its holdings in shares of General Mills by 9.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 10,186 shares of the company’s stock worth $752,000 after acquiring an additional 838 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of General Mills by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 130,210 shares of the company’s stock worth $9,616,000 after acquiring an additional 1,758 shares during the last quarter. Claro Advisors LLC increased its holdings in shares of General Mills by 44.8% during the 3rd quarter. Claro Advisors LLC now owns 5,901 shares of the company’s stock worth $436,000 after acquiring an additional 1,825 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of General Mills by 6.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 45,028 shares of the company’s stock worth $3,325,000 after acquiring an additional 2,907 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their target price on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research note on Monday. Mizuho reduced their price target on General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Piper Sandler reduced their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.53.

General Mills Trading Down 1.0 %

Shares of GIS stock opened at $60.33 on Wednesday. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. 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 stock has a 50-day moving average of $60.08 and a 200-day moving average of $65.47. The stock has a market cap of $33.25 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.94 and a beta of 0.06.

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. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current 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 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 3.98%. General Mills’s payout ratio is 52.17%.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was 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 owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate 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.