General Mills, Inc. (NYSE:GIS) Shares Purchased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 6.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,216 shares of the company’s stock after buying an additional 427 shares during the period. Pathway Financial Advisers LLC’s holdings in General Mills were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Farmers & Merchants Investments Inc. raised its stake in General Mills by 0.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 78,289 shares of the company’s stock worth $5,782,000 after acquiring an additional 524 shares during the period. Diversify Advisory Services LLC raised its stake in General Mills by 87.8% during the third quarter. Diversify Advisory Services LLC now owns 15,608 shares of the company’s stock worth $1,078,000 after acquiring an additional 7,299 shares during the period. Integrated Advisors Network LLC acquired a new stake in shares of General Mills in the third quarter valued at approximately $221,000. Boston Financial Mangement LLC increased its stake in shares of General Mills by 38.4% in the third quarter. Boston Financial Mangement LLC now owns 6,114 shares of the company’s stock valued at $452,000 after purchasing an additional 1,695 shares during the period. Finally, abrdn plc increased its stake in shares of General Mills by 3.9% in the third quarter. abrdn plc now owns 2,492,918 shares of the company’s stock valued at $183,778,000 after purchasing an additional 92,931 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling

In related news, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were 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 owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Jonathon Nudi sold 9,647 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were 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 approximately $9,571,314.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at $2,700,411.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,555 shares of company stock worth $4,657,676. Corporate insiders own 0.24% of the company’s stock.

General Mills Trading Up 0.4 %

Shares of NYSE:GIS opened at $68.22 on Thursday. The stock has a market capitalization of $38.08 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 3.55 and a beta of 0.10. General Mills, Inc. has a 1-year low of $61.47 and a 1-year high of $75.90. 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 company has a 50 day moving average price of $72.19 and a 200 day moving average price of $69.19.

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

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Thursday, October 10th. General Mills’s payout ratio is 55.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GIS shares. 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 research note on Friday, September 13th. Argus restated a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. The Goldman Sachs Group started coverage on shares of General Mills in a research note on Monday, August 12th. They issued a “buy” rating and a $76.00 price target on the stock. Finally, Piper Sandler raised their price target on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $73.00.

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.