Gladstone Institutional Advisory LLC grew its holdings in General Mills, Inc. (NYSE:GIS – Free Report) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,765 shares of the company’s stock after buying an additional 268 shares during the period. Gladstone Institutional Advisory LLC’s holdings in General Mills were worth $304,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in GIS. Nordea Investment Management AB grew its stake in General Mills by 64.5% in the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after buying an additional 3,058,414 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after purchasing an additional 2,926,232 shares during the last quarter. State Street Corp increased its stake in shares of General Mills by 9.4% during the third quarter. State Street Corp now owns 33,502,737 shares of the company’s stock worth $2,474,177,000 after purchasing an additional 2,867,678 shares during the period. Nepsis Inc. lifted its holdings in General Mills by 3,504.8% during the 4th quarter. Nepsis Inc. now owns 2,164,395 shares of the company’s stock worth $138,023,000 after purchasing an additional 2,104,353 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in General Mills by 6,114.0% in the 3rd quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock valued at $33,266,000 after purchasing an additional 443,202 shares during the period. 75.71% of the stock is currently owned by institutional investors.
General Mills Stock Performance
Shares of General Mills stock opened at $58.85 on Friday. The company’s 50 day moving average price is $61.61 and its two-hundred day moving average price is $66.88. The firm has a market capitalization of $32.44 billion, a P/E ratio of 12.79, a P/E/G ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a fifty-two week low of $57.85 and a fifty-two week high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.
General Mills (NYSE:GIS – Get Free Report) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the business posted $1.25 EPS. General Mills’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.
General Mills Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.08%. General Mills’s dividend payout ratio is presently 52.17%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on GIS shares. Deutsche Bank Aktiengesellschaft dropped their target price on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Barclays cut their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. TD Cowen lowered their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus cut their price target on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Citigroup dropped their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and an average target price of $71.13.
Read Our Latest Stock Analysis on General Mills
Insiders Place Their Bets
In related news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.
General Mills Company 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.
Featured Articles
Receive News & Ratings for General Mills Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for General Mills and related companies with MarketBeat.com’s FREE daily email newsletter.