PFG Investments LLC Raises Stake in General Mills, Inc. (NYSE:GIS)

PFG Investments LLC raised its stake in General Mills, Inc. (NYSE:GIS) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,193 shares of the company’s stock after buying an additional 1,398 shares during the quarter. PFG Investments LLC’s holdings in General Mills were worth $1,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Values First Advisors Inc. purchased a new stake in shares of General Mills during the third quarter worth approximately $27,000. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills in the 4th quarter valued at $26,000. Planning Capital Management Corp lifted its position in General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after acquiring an additional 193 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of General Mills during the third quarter worth approximately $44,000. Finally, Rise Advisors LLC increased its holdings in shares of General Mills by 46.7% in the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after acquiring an additional 193 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on GIS shares. TD Cowen dropped their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Stifel Nicolaus reduced their target price on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their target price on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays decreased their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. 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 analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, General Mills has an average rating of “Hold” and an average price target of $70.94.

Insider Buying and Selling

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Up 2.1 %

GIS stock opened at $61.63 on Tuesday. The company has a market capitalization of $33.97 billion, a P/E ratio of 13.40, a PEG ratio of 3.70 and a beta of 0.11. General Mills, Inc. has a twelve month low of $57.94 and a twelve month high of $75.90. The firm has a 50 day simple moving average of $63.31 and a 200-day simple moving average of $67.45. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. On average, equities research analysts predict that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

General Mills 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.