TCW Group Inc. Sells 322 Shares of General Mills, Inc. (NYSE:GIS)

TCW Group Inc. lessened its position in shares of General Mills, Inc. (NYSE:GIS) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,867 shares of the company’s stock after selling 322 shares during the quarter. TCW Group Inc.’s holdings in General Mills were worth $1,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its holdings in shares of General Mills by 41.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 36,503 shares of the company’s stock valued at $2,309,000 after purchasing an additional 10,765 shares during the last quarter. Janney Montgomery Scott LLC increased its position in General Mills by 22.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after buying an additional 43,086 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in General Mills by 129.9% in the third quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock valued at $13,649,000 after buying an additional 104,436 shares during the last quarter. Ellsworth Advisors LLC boosted its holdings in General Mills by 105.8% in the third quarter. Ellsworth Advisors LLC now owns 144,851 shares of the company’s stock worth $10,697,000 after acquiring an additional 74,456 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of General Mills by 6.4% during the second quarter. AQR Capital Management LLC now owns 1,157,232 shares of the company’s stock worth $73,206,000 after acquiring an additional 69,902 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Piper Sandler increased their price objective 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. Wells Fargo & Company decreased their price target on shares of General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. Stifel Nicolaus boosted their price objective on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Citigroup lifted their price target on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Barclays increased their price target on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average price target of $72.67.

Insider Activity

In related news, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the transaction, the insider now owns 36,184 shares in the company, valued at $2,700,411.92. This represents a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,555 shares of company stock worth $4,721,336 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

General Mills Stock Up 0.9 %

GIS stock opened at $66.07 on Friday. General Mills, Inc. has a one year low of $61.47 and a one year 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. The firm’s fifty day moving average is $67.48 and its 200 day moving average is $68.23. The firm has a market cap of $36.68 billion, a PE ratio of 15.73, a P/E/G ratio of 3.41 and a beta of 0.10.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. On average, research analysts forecast that General Mills, Inc. will post 4.5 EPS 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 paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio 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.