Howard Capital Management Inc. Buys 198 Shares of General Mills, Inc. (NYSE:GIS)

Howard Capital Management Inc. grew its stake in General Mills, Inc. (NYSE:GIS) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,916 shares of the company’s stock after purchasing an additional 198 shares during the period. Howard Capital Management Inc.’s holdings in General Mills were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of GIS. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills in the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new stake in General Mills during the 4th quarter worth approximately $34,000. Planning Capital Management Corp grew its position in General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after acquiring an additional 193 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in General Mills during the 4th quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC bought a new stake in General Mills during the 3rd quarter worth approximately $44,000. 75.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on GIS. TD Cowen decreased their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Piper Sandler decreased their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. Citigroup decreased their price target on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $69.06.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Performance

GIS stock opened at $61.61 on Wednesday. The business’s fifty day moving average is $60.72 and its 200-day moving average is $66.43. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company has a market cap of $33.96 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.25 EPS. Equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is presently 52.17%.

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.