Recent investor activity at General Mills shows significant changes. Arkadios Wealth Advisors increased its stake by 41.8% in Q2, now owning 36,503 shares valued at $2.31 million. The Florida Retirement System raised its holdings by 5.8% in Q1, holding 688,543 shares worth $48.18 million. Mitsubishi UFJ Asset Management increased its shares by 16.1%, totalling 696,170 shares valued at $48.71 million. iA Global Asset Management lifted its stake by 92.5%, owning 48,721 shares worth $3.41 million. DNB Asset Management boosted its stake by 10.5%, holding 119,106 shares valued at $7.54 million. Overall, 75.71% of the stock is owned by institutional investors and hedge funds.
Insider Activity at General Mills
Insider Jonathon Nudi sold 9,647 shares on September 27 for $74.39 per share, totaling $717,640.33. He now owns 128,664 shares worth approximately $9.57 million. Pankaj Mn Sharma sold 2,325 shares on September 20 for $74.63, worth $173,514.75, leaving him with 36,184 shares valued at about $2.70 million. In total, insiders sold 20,055 shares last quarter, and corporate insiders own 0.24% of the stock.
General Mills Stock Performance
General Mills (GIS) opened at $69.93 on Monday with a market cap of $39.03 billion, PE ratio of 16.23, and a 52-week range between $61.47 and $75.90. The company reported quarterly earnings on September 18, with an EPS of $1.07, exceeding expectations. Revenue was $4.85 billion, slightly above predictions, but down 1.2% year-over-year.
General Mills Dividend Announcement
The company will pay a quarterly dividend of $0.60 per share on November 1 to shareholders registered by October 10. This equates to an annual dividend of $2.40, with a yield of 3.43% and a payout ratio of 55.68%.
Wall Street Analysts Forecast Growth
Analysts’ ratings on GIS vary: Piper Sandler raised the target from $74 to $84, maintaining an “overweight” rating. Argus holds the stock, while Evercore ISI lowered their target from $76 to $72. Barclays raised theirs from $67 to $74, and Goldman Sachs started coverage with a “buy” rating at $76. The consensus rating for General Mills is “Hold”, with an average price target of $73.00.
Get Our Latest Report on General Mills
General Mills Profile
General Mills, Inc. produces and markets a variety of branded food products globally, operating in segments like North America Retail, International, Pet, and Foodservice.
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