General Mills, Inc. (NYSE:GIS) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 446,354 shares of the company's stock after selling 16,675 shares during the quarter. Truist Financial Corp owned approximately 0.08% of General Mills worth $29,076,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Operose Advisors LLC increased its stake in shares of General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company's stock worth $26,000 after purchasing an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in General Mills in the 4th quarter worth $28,000. Authentikos Wealth Advisory LLC bought a new stake in General Mills during the third quarter valued at about $31,000. HHM Wealth Advisors LLC purchased a new position in shares of General Mills in the third quarter valued at about $32,000. Finally, Fortitude Family Office LLC bought a new position in shares of General Mills in the fourth quarter worth about $40,000. 75.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GIS shares. Mizuho boosted their price target on General Mills from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, March 21st. Royal Bank of Canada reiterated a "sector perform" rating and set a $72.00 price objective on shares of General Mills in a research report on Thursday, March 21st. Bank of America upped their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a "neutral" rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. raised their target price on shares of General Mills from $68.00 to $72.00 and gave the company a "neutral" rating in a research note on Thursday, March 21st. Finally, HSBC raised their price objective on General Mills from $74.00 to $76.00 and gave the company a "hold" rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $72.18.

General Mills Trading Down 0.8 %

Shares of NYSE:GIS traded down $0.59 during trading hours on Monday, hitting $70.24. 4,179,100 shares of the company's stock traded hands, compared to its average volume of 4,257,584. The firm has a market capitalization of $39.89 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 2.44 and a beta of 0.15. The business has a fifty day moving average price of $67.78 and a 200-day moving average price of $65.68. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the company posted $0.97 EPS. General Mills's quarterly revenue was down .5% on a year-over-year basis. Equities analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a yield of 3.36%. General Mills's payout ratio is 54.13%.

Insider Activity at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares of the company's stock, valued at $6,462,899.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by company insiders.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.