Tower Research Capital LLC TRC Acquires 10,677 Shares of General Mills, Inc. (NYSE:GIS)

Tower Research Capital LLC TRC grew its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,838 shares of the company's stock after acquiring an additional 10,677 shares during the period. Tower Research Capital LLC TRC's holdings in General Mills were worth $2,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in General Mills in the fourth quarter worth about $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills in the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in General Mills in the fourth quarter worth about $31,000. Transce3nd LLC bought a new position in General Mills in the fourth quarter worth about $32,000. Finally, VSM Wealth Advisory LLC purchased a new stake in General Mills in the fourth quarter worth about $32,000. 75.71% of the stock is owned by institutional investors.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares of the company's stock, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

General Mills Stock Performance

NYSE:GIS traded down $0.23 during trading hours on Friday, reaching $56.16. The company had a trading volume of 3,996,092 shares, compared to its average volume of 4,405,789. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The firm has a market cap of $30.96 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.94 and a beta of 0.15. The firm's 50 day moving average price is $59.32 and its 200-day moving average price is $62.27.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills's revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS. On average, analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio is presently 52.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GIS shares. Royal Bank of Canada restated a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. Barclays cut their price objective on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Piper Sandler cut their price objective on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group upped their price objective on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Finally, Citigroup cut their price objective on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $65.00.

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.