Joseph Group Capital Management Acquires New Position in General Mills, Inc. (NYSE:GIS)

Joseph Group Capital Management acquired a new stake in shares of General Mills, Inc. (NYSE:GISGet Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 400 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Meristem Family Wealth LLC lifted its stake in General Mills by 27.0% during the 4th quarter. Meristem Family Wealth LLC now owns 13,040 shares of the company’s stock valued at $879,000 after acquiring an additional 2,773 shares during the period. Associated Banc Corp lifted its stake in General Mills by 1.5% during the 4th quarter. Associated Banc Corp now owns 36,601 shares of the company’s stock valued at $2,466,000 after acquiring an additional 554 shares during the period. Vaughan David Investments LLC IL lifted its stake in General Mills by 0.3% during the 4th quarter. Vaughan David Investments LLC IL now owns 479,443 shares of the company’s stock valued at $32,305,000 after acquiring an additional 1,543 shares during the period. Confluence Wealth Services Inc. bought a new position in General Mills during the 4th quarter valued at about $934,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in General Mills during the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 74.63% of the company’s stock.

In related news, insider Jacqueline Williams-Roll sold 10,911 shares of the firm’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $68.61, for a total value of $748,603.71. Following the completion of the transaction, the insider now directly owns 33,878 shares of the company’s stock, valued at $2,324,369.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Shawn P. Ogrady sold 43,565 shares of the firm’s stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $71.90, for a total transaction of $3,132,323.50. Following the completion of the transaction, the insider now directly owns 87,554 shares of the company’s stock, valued at $6,295,132.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,633 shares of company stock valued at $5,768,339. Insiders own 0.53% of the company’s stock.

NYSE GIS traded up $0.89 on Friday, reaching $73.10. 3,366,737 shares of the stock were exchanged, compared to its average volume of 3,550,103. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.09. General Mills, Inc. has a one year low of $56.67 and a one year high of $73.99. The company’s 50-day simple moving average is $68.52 and its two-hundred day simple moving average is $66.93. The firm has a market capitalization of $44.02 billion, a PE ratio of 19.49, a PEG ratio of 2.50 and a beta of 0.45.

General Mills (NYSE:GISGet Rating) last announced its quarterly earnings data on Wednesday, March 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. General Mills had a net margin of 12.36% and a return on equity of 23.10%. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same period last year, the firm posted $0.82 EPS. The company’s revenue was up .4% on a year-over-year basis. Sell-side analysts forecast that General Mills, Inc. will post 3.83 earnings per share for the current fiscal year.

Several research firms have issued reports on GIS. Deutsche Bank Aktiengesellschaft upped their target price on shares of General Mills from $71.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, March 24th. UBS Group assumed coverage on shares of General Mills in a research note on Wednesday, March 30th. They issued a “neutral” rating and a $69.00 price objective on the stock. StockNews.com upgraded shares of General Mills from a “hold” rating to a “buy” rating in a research note on Thursday, March 24th. Piper Sandler increased their price objective on shares of General Mills from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, March 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of General Mills from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $67.09.

General Mills Profile (Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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