Bard Financial Services Inc. Grows Stock Holdings in General Mills, Inc. (NYSE:GIS)

Bard Financial Services Inc. raised its position in General Mills, Inc. (NYSE:GIS) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,475 shares of the company’s stock after acquiring an additional 700 shares during the quarter. General Mills makes up 0.9% of Bard Financial Services Inc.’s investment portfolio, making the stock its 29th largest position. Bard Financial Services Inc.’s holdings in General Mills were worth $8,011,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank increased its position in shares of General Mills by 7.0% during the third quarter. Toronto Dominion Bank now owns 296,453 shares of the company’s stock valued at $21,893,000 after buying an additional 19,510 shares during the period. Neo Ivy Capital Management purchased a new position in shares of General Mills during the third quarter valued at about $1,442,000. Coldstream Capital Management Inc. increased its position in shares of General Mills by 10.0% during the third quarter. Coldstream Capital Management Inc. now owns 12,489 shares of the company’s stock valued at $906,000 after buying an additional 1,135 shares during the period. Brophy Wealth Management LLC purchased a new position in shares of General Mills during the third quarter valued at about $442,000. Finally, Vestcor Inc increased its position in shares of General Mills by 0.8% during the third quarter. Vestcor Inc now owns 171,093 shares of the company’s stock valued at $12,635,000 after buying an additional 1,293 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup boosted their price target on shares of General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Piper Sandler boosted their price target on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Bank of America boosted their price objective on shares of General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Barclays boosted their price objective on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.67.

Insider Activity at General Mills

In other General Mills news, insider Jonathon Nudi sold 9,647 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the sale, the insider now directly owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. This represents a 6.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark A. Pallot sold 8,083 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total transaction of $576,156.24. Following the completion of the sale, the chief accounting officer now directly owns 14,813 shares of the company’s stock, valued at approximately $1,055,870.64. This trade represents a 35.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,555 shares of company stock worth $4,721,336 over the last quarter. Company insiders own 0.26% of the company’s stock.

General Mills Trading Down 0.1 %

Shares of NYSE GIS opened at $66.08 on Wednesday. The firm’s 50 day moving average price is $67.80 and its 200-day moving average price is $68.26. The company has a market cap of $36.68 billion, a PE ratio of 15.75, a P/E/G ratio of 3.39 and a beta of 0.10. General Mills, Inc. has a 52-week low of $61.47 and a 52-week high of $75.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 earnings per share. On average, equities research analysts expect that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.63%. General Mills’s dividend payout ratio (DPR) is 57.14%.

General Mills 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.