ST Germain D J Co. Inc. Has $17.07 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

ST Germain D J Co. Inc. grew its holdings in General Mills, Inc. (NYSE:GIS) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 267,737 shares of the company’s stock after purchasing an additional 4,232 shares during the period. ST Germain D J Co. Inc.’s holdings in General Mills were worth $17,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GIS. Values First Advisors Inc. bought a new stake in shares of General Mills during the 3rd quarter valued at approximately $27,000. Planning Capital Management Corp boosted its position in General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after buying an additional 193 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of General Mills in the 3rd quarter valued at $44,000. Rise Advisors LLC grew its position in General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after acquiring an additional 193 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new position in General Mills in the 2nd quarter worth about $42,000. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total value of $3,190,365.00. Following the transaction, the chief executive officer now directly owns 355,328 shares in the company, valued at $24,379,054.08. The trade was a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark A. Pallot sold 8,083 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total transaction of $576,156.24. Following the sale, the chief accounting officer now owns 14,813 shares of the company’s stock, valued at approximately $1,055,870.64. The trade was a 35.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,624 shares of company stock worth $3,897,326. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler raised their price objective on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Stifel Nicolaus lowered their price target on shares of General Mills from $82.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Wells Fargo & Company dropped their target price on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Finally, Citigroup reduced their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, General Mills currently has a consensus rating of “Hold” and an average target price of $71.31.

General Mills Stock Down 2.0 %

NYSE:GIS traded down $1.19 during trading hours on Friday, hitting $59.18. 1,182,516 shares of the company traded hands, compared to its average volume of 3,735,700. General Mills, Inc. has a one year low of $59.10 and a one year high of $75.90. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The company has a market cap of $32.62 billion, a PE ratio of 14.09, a PEG ratio of 3.47 and a beta of 0.11. The firm’s 50-day simple moving average is $64.71 and its 200-day simple moving average is $67.74.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 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 up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. Equities analysts predict that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s payout ratio is 52.17%.

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.