Highland Private Wealth Management Buys Shares of 2,839 General Mills, Inc. (NYSE:GIS)

Highland Private Wealth Management purchased a new position in shares of General Mills, Inc. (NYSE:GISGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,839 shares of the company’s stock, valued at approximately $214,000.

Other large investors also recently made changes to their positions in the company. IFM Investors Pty Ltd lifted its stake in shares of General Mills by 17.0% during the 1st quarter. IFM Investors Pty Ltd now owns 90,359 shares of the company’s stock worth $6,119,000 after purchasing an additional 13,104 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of General Mills by 6.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 178,327 shares of the company’s stock worth $12,076,000 after purchasing an additional 10,664 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of General Mills by 9.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,681 shares of the company’s stock worth $385,000 after purchasing an additional 514 shares during the period. Carmignac Gestion purchased a new position in shares of General Mills during the 1st quarter worth $597,000. Finally, Bison Wealth LLC lifted its stake in shares of General Mills by 3.1% during the 1st quarter. Bison Wealth LLC now owns 13,263 shares of the company’s stock worth $898,000 after purchasing an additional 402 shares during the period. Hedge funds and other institutional investors own 75.48% of the company’s stock.

General Mills Stock Up 1.3 %

Shares of General Mills stock opened at $80.78 on Friday. The business has a 50-day moving average of $76.11 and a 200-day moving average of $71.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.60 and a quick ratio of 0.40. The company has a market capitalization of $48.12 billion, a PE ratio of 17.01, a P/E/G ratio of 2.62 and a beta of 0.33. General Mills, Inc. has a 1-year low of $58.85 and a 1-year high of $81.24.

General Mills (NYSE:GISGet Rating) last announced its earnings results on Wednesday, September 21st. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.11. The company had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.72 billion. General Mills had a return on equity of 23.87% and a net margin of 15.13%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. As a group, equities analysts forecast that General Mills, Inc. will post 4.06 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, July 7th. Stockholders of record on Friday, July 8th were paid a dividend of $0.54 per share. The ex-dividend date was Thursday, July 7th. General Mills’s dividend payout ratio is presently 45.47%.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 37,895 shares of General Mills stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $80.00, for a total value of $3,031,600.00. Following the completion of the transaction, the chief executive officer now directly owns 279,482 shares in the company, valued at $22,358,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dana M. Mcnabb sold 10,993 shares of General Mills stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $76.16, for a total value of $837,226.88. Following the completion of the transaction, the insider now directly owns 14,884 shares in the company, valued at $1,133,565.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey L. Harmening sold 37,895 shares of General Mills stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $80.00, for a total value of $3,031,600.00. Following the completion of the transaction, the chief executive officer now owns 279,482 shares of the company’s stock, valued at $22,358,560. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,317 shares of company stock worth $7,429,156. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GIS shares. Citigroup increased their target price on General Mills from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, June 30th. Bank of America increased their target price on General Mills from $74.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday. Credit Suisse Group increased their target price on General Mills from $74.00 to $77.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank of Canada increased their target price on General Mills from $66.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, July 1st. Finally, BMO Capital Markets increased their target price on General Mills from $80.00 to $85.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.83.

General Mills Company Profile

(Get Rating)

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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