Mercer Global Advisors Inc. ADV Has $4.50 Million Holdings in General Mills, Inc. (NYSE:GIS)

Mercer Global Advisors Inc. ADV lifted its position in shares of General Mills, Inc. (NYSE:GISGet Rating) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,775 shares of the company’s stock after purchasing an additional 5,570 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in General Mills were worth $4,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GIS. Benjamin Edwards Inc. bought a new position in shares of General Mills during the 3rd quarter worth approximately $27,000. NuWave Investment Management LLC purchased a new stake in General Mills in the 4th quarter valued at $28,000. Herold Advisors Inc. purchased a new stake in General Mills in the 3rd quarter valued at $29,000. Ellis Investment Partners LLC raised its position in General Mills by 81.7% in the 4th quarter. Ellis Investment Partners LLC now owns 447 shares of the company’s stock valued at $30,000 after buying an additional 201 shares during the last quarter. Finally, TAP Consulting LLC purchased a new stake in General Mills in the 4th quarter valued at $37,000. Institutional investors own 73.72% of the company’s stock.

In related news, insider Jacqueline Williams-Roll sold 10,911 shares of the stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $68.61, for a total transaction of $748,603.71. Following the completion of the sale, the insider now owns 33,878 shares in the company, valued at $2,324,369.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn P. Ogrady sold 27,157 shares of the stock in a transaction dated Tuesday, April 5th. The stock was sold at an average price of $69.50, for a total value of $1,887,411.50. Following the sale, the insider now owns 87,554 shares of the company’s stock, valued at approximately $6,085,003. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

GIS has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on General Mills from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, March 24th. Evercore ISI restated a “hold” rating and issued a $65.00 target price on shares of General Mills in a research note on Thursday, December 23rd. JPMorgan Chase & Co. lowered their price target on General Mills from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Tuesday, March 22nd. StockNews.com raised General Mills from a “hold” rating to a “buy” rating in a report on Thursday, March 24th. Finally, Citigroup lifted their price target on General Mills from $70.00 to $73.00 and gave the stock an “action list buy” rating in a research note on Wednesday, December 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.09.

General Mills stock traded up $0.70 during mid-day trading on Tuesday, reaching $71.54. 105,626 shares of the stock traded hands, compared to its average volume of 3,870,155. The stock has a market capitalization of $43.08 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.47 and a beta of 0.52. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.74 and a quick ratio of 0.49. General Mills, Inc. has a 12-month low of $56.67 and a 12-month high of $71.30. The business’s 50-day moving average is $66.93 and its 200-day moving average is $65.69.

General Mills (NYSE:GISGet Rating) last posted its quarterly earnings data on Wednesday, March 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.55 billion. General Mills had a return on equity of 23.10% and a net margin of 12.36%. General Mills’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities analysts anticipate that General Mills, Inc. will post 3.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Friday, April 8th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, April 7th. General Mills’s payout ratio is 54.40%.

General Mills Company 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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