Forza Wealth Management LLC Acquires 481 Shares of General Mills, Inc. (NYSE:GIS)

Forza Wealth Management LLC lifted its holdings in General Mills, Inc. (NYSE:GIS) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,368 shares of the company’s stock after acquiring an additional 481 shares during the quarter. Forza Wealth Management LLC’s holdings in General Mills were worth $725,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC increased its position in General Mills by 9.0% during the 2nd quarter. LPL Financial LLC now owns 764,816 shares of the company’s stock valued at $48,382,000 after purchasing an additional 63,113 shares during the period. BOKF NA increased its position in General Mills by 1.8% during the 2nd quarter. BOKF NA now owns 24,621 shares of the company’s stock valued at $1,558,000 after purchasing an additional 428 shares during the period. Oppenheimer & Co. Inc. increased its position in General Mills by 7.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 47,411 shares of the company’s stock valued at $2,999,000 after purchasing an additional 3,270 shares during the period. Meeder Advisory Services Inc. increased its position in General Mills by 48.8% during the 2nd quarter. Meeder Advisory Services Inc. now owns 12,349 shares of the company’s stock valued at $781,000 after purchasing an additional 4,052 shares during the period. Finally, Parallel Advisors LLC increased its position in General Mills by 6.0% during the 2nd quarter. Parallel Advisors LLC now owns 21,716 shares of the company’s stock valued at $1,374,000 after purchasing an additional 1,238 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GIS shares. TD Cowen lowered their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Barclays lowered their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Citigroup lowered their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Piper Sandler increased their price objective on shares of General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, General Mills currently has an average rating of “Hold” and an average target price of $71.31.

Insider Buying and Selling at General Mills

In other news, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,624 shares of company stock valued at $3,897,326 in the last three months. 0.26% of the stock is currently owned by corporate insiders.

General Mills Stock Performance

General Mills stock traded up $0.82 during midday trading on Monday, hitting $59.32. The stock had a trading volume of 3,146,117 shares, compared to its average volume of 4,317,748. The firm’s fifty day moving average is $64.51 and its two-hundred day moving average is $67.70. The company has a market capitalization of $32.70 billion, a PE ratio of 14.12, a P/E/G ratio of 3.47 and a beta of 0.11. General Mills, Inc. has a 52-week low of $58.27 and a 52-week high of $75.90. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the firm posted $1.25 EPS. The company’s revenue was up 2.7% on a year-over-year basis. On average, research analysts forecast that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 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 4.05%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is currently 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.