General Mills, Inc. (NYSE:GIS) Shares Bought by Coston McIsaac & Partners

Coston McIsaac & Partners boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,515 shares of the company’s stock after buying an additional 2,737 shares during the period. General Mills makes up 1.5% of Coston McIsaac & Partners’ holdings, making the stock its 25th largest position. Coston McIsaac & Partners’ holdings in General Mills were worth $5,428,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc grew its stake in General Mills by 79.8% during the 1st quarter. AdvisorNet Financial Inc now owns 7,315 shares of the company’s stock valued at $512,000 after purchasing an additional 3,247 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of General Mills in the first quarter worth about $1,448,000. Riverview Trust Co purchased a new stake in shares of General Mills in the first quarter worth about $35,000. Sound Income Strategies LLC boosted its stake in shares of General Mills by 18.8% in the first quarter. Sound Income Strategies LLC now owns 3,576 shares of the company’s stock worth $250,000 after buying an additional 565 shares during the last quarter. Finally, GoalVest Advisory LLC boosted its stake in shares of General Mills by 65.5% in the first quarter. GoalVest Advisory LLC now owns 455 shares of the company’s stock worth $32,000 after buying an additional 180 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Mills

In related news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the transaction, the insider now directly owns 36,184 shares in the company, valued at approximately $2,700,411.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the transaction, the insider now directly owns 36,184 shares in the company, valued at approximately $2,700,411.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathon Nudi sold 9,647 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.39, for a total value of $717,640.33. Following the completion of the transaction, the insider now owns 128,664 shares of the company’s stock, valued at $9,571,314.96. 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 20,055 shares of company stock valued at $1,467,311. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a report on Thursday, September 19th. Stifel Nicolaus upped their price target on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. upped their price target on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Barclays upped their price target on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company upped their price target on General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Mills has an average rating of “Hold” and an average price target of $73.00.

General Mills Price Performance

Shares of NYSE:GIS traded down $0.63 during midday trading on Wednesday, hitting $68.45. The company had a trading volume of 701,649 shares, compared to its average volume of 3,893,037. General Mills, Inc. has a twelve month low of $61.47 and a twelve month high of $75.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The stock has a market cap of $38.21 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 3.71 and a beta of 0.10. The business’s 50-day simple moving average is $72.37 and its 200-day simple moving average is $69.20.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating 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 firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.51%. General Mills’s dividend payout ratio is presently 55.68%.

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.