CreativeOne Wealth LLC Has $1.31 Million Position in General Mills, Inc. (NYSE:GIS)

CreativeOne Wealth LLC raised its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 53.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,474 shares of the company's stock after purchasing an additional 7,112 shares during the quarter. CreativeOne Wealth LLC's holdings in General Mills were worth $1,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of General Mills by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company's stock valued at $4,376,573,000 after buying an additional 1,868,508 shares during the last quarter. Geode Capital Management LLC raised its position in General Mills by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company's stock worth $923,907,000 after purchasing an additional 136,895 shares during the last quarter. Nordea Investment Management AB lifted its holdings in General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock worth $497,054,000 after buying an additional 3,058,414 shares in the last quarter. Norges Bank acquired a new stake in shares of General Mills in the 4th quarter valued at $496,484,000. Finally, Invesco Ltd. lifted its stake in shares of General Mills by 18.3% during the fourth quarter. Invesco Ltd. now owns 5,989,111 shares of the company's stock valued at $381,926,000 after acquiring an additional 924,982 shares during the period. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Stock Up 0.9 %

Shares of GIS stock traded up $0.52 during trading on Tuesday, reaching $58.19. The company's stock had a trading volume of 350,434 shares, compared to its average volume of 4,389,205. The company has a market cap of $32.08 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The business has a fifty day moving average price of $59.46 and a 200-day moving average price of $62.69. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter last year, the company earned $1.17 EPS. General Mills's revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 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 4.12%. The ex-dividend date is Thursday, April 10th. General Mills's payout ratio is currently 52.75%.

Insider Activity

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

GIS has been the topic of several recent research reports. Wells Fargo & Company reduced their target price on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Citigroup lowered their target price on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Morgan Stanley assumed coverage on General Mills in a research note on Monday, March 24th. They issued an "underweight" rating and a $53.00 price target on the stock. Piper Sandler decreased their price objective on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, Bank of America reduced their target price on General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.69.

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.