Camden Capital LLC Purchases 145 Shares of General Mills, Inc. (NYSE:GIS)

Financial News Live · Aug 6, 2022 01:21

Camden Capital LLC lifted its stake in General Mills, Inc. (NYSE:GIS – Get Rating) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,608 shares of the company's stock after buying an additional 145 shares during the period. Camden Capital LLC's holdings in General Mills were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Marquette Asset Management LLC bought a new stake in shares of General Mills in the first quarter valued at approximately $26,000. Joseph Group Capital Management acquired a new position in General Mills during the fourth quarter valued at approximately $44,000. HWG Holdings LP acquired a new position in General Mills during the fourth quarter valued at approximately $30,000. Riverview Trust Co raised its position in General Mills by 204.7% during the first quarter. Riverview Trust Co now owns 457 shares of the company's stock valued at $31,000 after purchasing an additional 307 shares in the last quarter. Finally, Dixon Hughes Goodman Wealth Advisors LLC raised its position in General Mills by 67.8% during the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 515 shares of the company's stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. 74.63% of the stock is currently owned by institutional investors.

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General Mills Stock Performance

NYSE GIS opened at $75.52 on Friday. The company has a market capitalization of $45.10 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 2.52 and a beta of 0.35. General Mills, Inc. has a twelve month low of $56.67 and a twelve month high of $76.94. The stock has a fifty day simple moving average of $71.99 and a 200 day simple moving average of $69.64. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 0.85.

General Mills (NYSE:GIS – Get Rating) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.11. The business had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.81 billion. General Mills had a net margin of 14.25% and a return on equity of 23.74%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Sell-side analysts expect that General Mills, Inc. will post 4 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, July 7th. Stockholders of record on Friday, July 8th were given a dividend of $0.54 per share. The ex-dividend date was Thursday, July 7th. General Mills's dividend payout ratio (DPR) is presently 48.87%.

Insider Transactions at General Mills

In other news, insider Sean N. Walker sold 29,489 shares of the stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $75.00, for a total transaction of $2,211,675.00. Following the transaction, the insider now owns 89,989 shares of the company's stock, valued at approximately $6,749,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Mark A. Pallot sold 2,255 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $74.66, for a total value of $168,358.30. Following the sale, the chief accounting officer now owns 17,087 shares in the company, valued at approximately $1,275,715.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sean N. Walker sold 29,489 shares of the company's stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $75.00, for a total transaction of $2,211,675.00. Following the completion of the sale, the insider now owns 89,989 shares in the company, valued at approximately $6,749,175. The disclosure for this sale can be found here. Insiders have sold 42,737 shares of company stock valued at $3,217,260 in the last 90 days. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GIS. Piper Sandler boosted their price objective on shares of General Mills from $75.00 to $80.00 and gave the company an "overweight" rating in a research report on Thursday, June 30th. Credit Suisse Group set a $74.00 price objective on shares of General Mills in a research report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of General Mills from $75.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, June 30th. Morgan Stanley upped their price target on shares of General Mills from $56.00 to $66.00 and gave the stock an "underweight" rating in a report on Friday, July 1st. Finally, Royal Bank of Canada upped their price target on shares of General Mills from $66.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, July 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, General Mills has a consensus rating of "Hold" and an average target price of $72.73.

About General Mills

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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.