According to the most recent 13F filing that Dupont Capital Management Corp. submitted with the Securities and Exchange Commission (SEC), the investment management firm increased its holdings in General Mills, Inc. (NYSE: GIS) during the third quarter of the fiscal year. The institutional investor now has 15,049 shares of ownership in the company due to purchasing an additional 12,868 shares of the company’s stock during the period in question. The value of Dupont Capital Management Corporation’s holdings in General Mills was $1,153,000 as of the end of the most recent fiscal quarter.
Recent years have seen an increase in the number of institutional investors, hedge funds, and stock traders taking part in the company’s activities. During the third quarter, the Czech National Bank spent approximately $5,303,000 to purchase additional shares of General Mills to increase its existing stake in the company. Savant Capital LLC increased its stake in General Mills by 15.5% during the company’s third fiscal quarter by purchasing additional shares of the company’s stock. Savant Capital LLC has increased its total number of shares to 7,152 due to acquiring 960 additional shares since the beginning of the most recent fiscal quarter. These shares are currently trading at a value of $548,000 on the market. At the end of the third quarter, Lindenwold Advisors owned a percentage of General Mills shares that was 1% higher than it had been at the beginning. Lindenwold Advisors now directly owns 38,260 shares, which have a value of $2,931,000, due to the most recent purchase of 370 additional shares during the quarter. The General Mills holdings owned by the State of New Jersey Common Pension Fund D saw a 1.1% increase during the third quarter due to the fund’s purchase of additional shares. The State of New Jersey Common Pension Fund D now holds 348,762 shares of the company’s stock, which have a value of $26,719,000. This resulted from purchasing an additional 3,679 shares during the preceding quarter. During the third quarter, Benjamin F. Edwards & Company, Inc. increased the amount of General Mills stock owned by 0.4%, making this the last and most important point. Benjamin F. Edwards & Company Inc. now has 61,476 shares following purchasing an additional 219 shares during the most recent quarter. The value of Benjamin F. Edwards & Company, Inc.’s holdings in the company is currently estimated to be $4,710,000. The majority of the shares in the company are owned by institutional investors and hedge funds, which account for 74.48% of the total.
In other related news, on November 9, an insider named Shawn P. Ogrady sold 32,114 shares of the company’s stock at an average price of $80.50 each. The total value of these sales was $2,585,177.00. A total of $2,585,177.00 was obtained as a result of this transaction. After the completion of the transaction, the insider of the company now directly owns 76,045 shares of the company’s stock, which together have a value of $6,121,622.50. You can find a document that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. In other news about the company, an employee named Shawn P. Ogrady, considered an insider, sold 32,114 shares of the company’s stock on November 9. It was determined that the stock was sold at an average price of $80.50 per share, which resulted in a total transaction volume of $2,585,177.00. This was determined based on the data provided by the company. After the completion of the transaction, the insider of the company now directly owns 76,045 shares of the company’s stock, which together have a value of $6,121,622.50. You can find a document that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. In addition, on November 22 and November 22 of this year, an employee of the company named Shawn P. Ogrady sold a total of 20,019 shares of the company’s stock. Buyers purchased 1,651,567.50 worth of these shares at an average price of $82.50 per share, bringing the total number of shares sold for the day to 1,651,567.50 dollars. Following the successful transaction completion, the corporate insider now owns 69,042 company shares, which have a combined value of $5,695,965. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have offloaded 98,935 shares of company stock at a combined selling price of $8,156,196. The corporation’s current management and employees hold 67 percent of the total stock in the company.
Recent commentary on the GIS stock was made available by several analysts who focus on equity research. The price objective for General Mills was increased from $72 to $76 in a research note that the Royal Bank of Canada published on Wednesday, December 21. In addition, the bank designated General Mills as a “sector in its rating system. Credit Suisse Group raised their price objective on General Mills stock from $77.0 to $82.00 and upgraded the company from a “neutral” rating to an “outperform” rating in a research report that was published on Wednesday, December 21. The research note BNP Paribas issued on November 15 and 15 contained an announcement that the company would begin covering General Mills. They have placed an “outperform” rating on the company, and their price objective for the stock is set at $90.00 per share. StockNews.com previously recommended General Mills with a “buy” rating; however, in a report published on Thursday, December 8, this rating was changed to a “hold” rating instead. Goldman Sachs Group changed their rating for General Mills from “sell” to “hold” in a research report published on Monday, October 10. In addition, they raised their price target for the company’s stock from $64.00 to $71.00. Nine analysts recommend keeping the current position, four recommend buying the stock, and two recommend selling the security. According to information made available by Bloomberg.com, the company has been given the current recommendation of “Hold,” and the price objective established for it by market analysts is $82.57 on average.
When trading started on Friday, the price of one share of GIS was $82.53 per share. General Mills, Inc. has traded at a price as low as $61.67 over the past year while reaching a price as high as $88.34 throughout the same period. The company has a beta of 0.34, a market value of $48.66 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.78, and a price-to-earnings ratio, so investing in this business would be a wise decision. The moving average for the stock over the past 50 days is $83.59, and the moving average over the past 200 days is $79.02, respectively. The debt-to-equity ratio has been calculated to be 0.83, the quick ratio has been calculated to be 0.35, and the current ratio has been calculated to be 0.58.
In addition, the corporation has announced the payment of a quarterly dividend, which is scheduled to take place on February 1, and February 1 of this year. Stockholders of record on January 10 and January 10 will be eligible to receive a dividend payment of $0.54 per share. The dividend payment will be made. On Monday, January 9 January 9, the date that will no longer count toward the dividend total will be removed. This results in an annual dividend payment of $2.16 and a dividend yield of 2.62% when calculated annually. General Mills’s dividend payout ratio (also known as DPR) stands at 45.09%.