General Mills, Inc. (NYSE:GIS) Shares Acquired by NewSquare Capital LLC

NewSquare Capital LLC lifted its stake in General Mills, Inc. (NYSE:GIS) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,709 shares of the company’s stock after purchasing an additional 355 shares during the period. NewSquare Capital LLC’s holdings in General Mills were worth $307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. GAMMA Investing LLC acquired a new stake in shares of General Mills in the 4th quarter worth approximately $524,000. Marks Group Wealth Management Inc purchased a new stake in General Mills during the fourth quarter worth $203,000. PDS Planning Inc grew its holdings in General Mills by 18.1% in the fourth quarter. PDS Planning Inc now owns 4,078 shares of the company’s stock valued at $266,000 after purchasing an additional 626 shares during the last quarter. RWA Wealth Partners LLC increased its position in shares of General Mills by 489.5% in the fourth quarter. RWA Wealth Partners LLC now owns 29,778 shares of the company’s stock valued at $1,940,000 after buying an additional 24,727 shares in the last quarter. Finally, Significant Wealth Partners LLC purchased a new stake in shares of General Mills in the 4th quarter worth about $1,768,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 1.1 %

GIS stock traded up $0.78 during trading on Wednesday, reaching $71.60. 2,174,992 shares of the stock traded hands, compared to its average volume of 4,247,623. The firm has a market capitalization of $40.66 billion, a PE ratio of 16.24, a P/E/G ratio of 2.46 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. The business’s 50 day moving average price is $67.17 and its 200-day moving average price is $65.45. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $90.89.

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

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 54.13%.

Insider Activity at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 17,726 shares of company stock worth $1,187,811. 0.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on GIS. TD Cowen lifted their target price on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Bank of America lifted their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Morgan Stanley increased their target price on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a report on Thursday, March 21st. Mizuho upped their price objective on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $77.00 price objective on shares of General Mills in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $72.18.

About General Mills

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.