Foundations Investment Advisors LLC Has $1.22 Million Position in General Mills, Inc. (NYSE:GIS)

Foundations Investment Advisors LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 26.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,077 shares of the company’s stock after acquiring an additional 3,956 shares during the period. Foundations Investment Advisors LLC’s holdings in General Mills were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of General Mills by 9.4% in the 3rd quarter. State Street Corp now owns 33,502,737 shares of the company’s stock valued at $2,474,177,000 after purchasing an additional 2,867,678 shares during the last quarter. Nordea Investment Management AB boosted its stake in 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 in the last quarter. JPMorgan Chase & Co. grew its position in General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after acquiring an additional 2,926,232 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in General Mills by 7.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,823,254 shares of the company’s stock worth $282,347,000 after acquiring an additional 263,188 shares in the last quarter. Finally, abrdn plc lifted its holdings 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 worth $183,778,000 after acquiring an additional 92,931 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Activity at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction 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 completion of the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now directly owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Performance

NYSE:GIS opened at $59.84 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a fifty-two week low of $57.94 and a fifty-two week high of $75.90. The company has a 50 day simple moving average of $63.29 and a two-hundred day simple moving average of $67.44. The company has a market capitalization of $32.99 billion, a PE ratio of 13.01, a P/E/G ratio of 3.70 and a beta of 0.11.

General Mills (NYSE:GIS) last posted its quarterly earnings data 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. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the company posted $1.25 earnings per share. General Mills’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently disclosed 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. This represents a $2.40 annualized dividend and a dividend yield of 4.01%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GIS. Wells Fargo & Company decreased their price target 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, January 7th. TD Cowen decreased 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. JPMorgan Chase & Co. increased their price target on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and raised their price objective for the company from $78.00 to $80.00 in a report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.94.

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.