ST Germain D J Co. Inc. Has $17.07 Million Position in General Mills, Inc. (NYSE:GIS)

ST Germain D J Co. Inc. grew its holdings in General Mills, Inc. (NYSE:GIS) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 267,737 shares of the company’s stock after buying an additional 4,232 shares during the quarter. ST Germain D J Co. Inc.’s holdings in General Mills were worth $17,074,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quest Partners LLC boosted its holdings in General Mills by 203.7% in the second quarter. Quest Partners LLC now owns 11,864 shares of the company’s stock valued at $751,000 after acquiring an additional 7,957 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of General Mills by 4.0% during the second quarter. Ashton Thomas Private Wealth LLC now owns 9,135 shares of the company’s stock worth $578,000 after buying an additional 352 shares during the period. Choreo LLC grew its stake in shares of General Mills by 135.0% during the 2nd quarter. Choreo LLC now owns 24,122 shares of the company’s stock worth $1,527,000 after acquiring an additional 13,858 shares in the last quarter. Daiwa Securities Group Inc. grew its position in General Mills by 5.7% in the second quarter. Daiwa Securities Group Inc. now owns 61,535 shares of the company’s stock valued at $3,893,000 after purchasing an additional 3,310 shares in the last quarter. Finally, MGO One Seven LLC lifted its position in General Mills by 7.7% during the 2nd quarter. MGO One Seven LLC now owns 33,427 shares of the company’s stock worth $2,115,000 after buying an additional 2,402 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Mark A. Pallot sold 8,083 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total value of $576,156.24. Following the completion of the sale, the chief accounting officer now directly owns 14,813 shares in the company, valued at approximately $1,055,870.64. The trade was a 35.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,624 shares of company stock valued at $3,897,326. 0.26% of the stock is owned by company insiders.

General Mills Stock Performance

General Mills stock traded down $1.19 during trading hours on Friday, hitting $59.18. The company had a trading volume of 1,182,516 shares, compared to its average volume of 3,735,700. The firm has a 50-day moving average of $64.71 and a 200 day moving average of $67.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The firm has a market cap of $32.62 billion, a PE ratio of 14.09, a PEG ratio of 3.47 and a beta of 0.11. General Mills, Inc. has a one year low of $59.10 and a one year high of $75.90.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. On average, sell-side analysts expect that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.06%. General Mills’s payout ratio is presently 52.17%.

Wall Street Analysts Forecast Growth

GIS has been the topic of a number of recent research reports. TD Cowen lowered their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Piper Sandler boosted their price target on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Stifel Nicolaus cut their price objective on General Mills from $82.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Barclays decreased their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Finally, Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and upped their price target for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.31.

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.