General Mills, Inc. (NYSE:GIS) Position Raised by HF Advisory Group LLC

HF Advisory Group LLC raised its stake in General Mills, Inc. (NYSE:GIS) by 5.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,260 shares of the company’s stock after acquiring an additional 339 shares during the period. HF Advisory Group LLC’s holdings in General Mills were worth $408,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FWL Investment Management LLC bought a new position in shares of General Mills in the fourth quarter valued at $25,000. Operose Advisors LLC increased its holdings in shares of General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after buying an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of General Mills in the fourth quarter valued at $28,000. Almanack Investment Partners LLC. bought a new position in shares of General Mills in the third quarter valued at $28,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in General Mills during the 3rd quarter valued at $31,000. Institutional investors own 75.71% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the completion of the transaction, the chief executive officer now owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the transaction, the chief executive officer now owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,782 shares of company stock valued at $5,057,820. Insiders own 0.24% of the company’s stock.

General Mills Stock Up 0.8 %

General Mills stock opened at $69.09 on Friday. The firm has a market cap of $39.24 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 2.36 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $90.89. The firm has a fifty day moving average price of $66.69 and a two-hundred day moving average price of $65.24.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. As a group, analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio is currently 54.13%.

Analysts Set New Price Targets

GIS has been the topic of several recent analyst reports. HSBC boosted their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. TD Cowen boosted their price target on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Bank of America boosted their price target on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Mizuho boosted their price target on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Citigroup assumed coverage on shares of General Mills in a report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.