7,413 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Kiker Wealth Management LLC

Kiker Wealth Management LLC bought a new stake in General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,413 shares of the company’s stock, valued at approximately $473,000.

Several other hedge funds also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC raised its position in shares of General Mills by 6.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock worth $304,000 after purchasing an additional 268 shares during the period. JPMorgan Chase & Co. increased its stake in General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after purchasing an additional 2,926,232 shares in the last quarter. J2 Capital Management Inc acquired a new stake in General Mills during the 4th quarter worth approximately $547,000. Daiwa Securities Group Inc. lifted its stake in General Mills by 7.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company’s stock valued at $4,652,000 after buying an additional 4,839 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of General Mills by 64.5% in the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after buying an additional 3,058,414 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on GIS shares. TD Cowen cut their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company reduced their price target on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Barclays lowered their price objective on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Piper Sandler cut their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $66.76.

General Mills Trading Down 1.5 %

GIS stock opened at $58.31 on Friday. The stock has a market cap of $32.14 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The company has a fifty day moving average price of $59.99 and a two-hundred day moving average price of $65.37. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS. Equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.12%. General Mills’s payout ratio is presently 52.17%.

Insider Buying and Selling

In related 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 transaction of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares of the company’s stock, valued at $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by insiders.

About General Mills

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.