Byrne Asset Management LLC Buys 200 Shares of General Mills, Inc. (NYSE:GIS)

Byrne Asset Management LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,200 shares of the company’s stock after buying an additional 200 shares during the period. Byrne Asset Management LLC’s holdings in General Mills were worth $77,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. Cidel Asset Management Inc. raised its holdings in shares of General Mills by 4.0% in the fourth quarter. Cidel Asset Management Inc. now owns 7,723 shares of the company’s stock valued at $492,000 after acquiring an additional 298 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in shares of General Mills by 11.3% in the 4th quarter. Joel Isaacson & Co. LLC now owns 4,880 shares of the company’s stock valued at $311,000 after purchasing an additional 495 shares in the last quarter. Capital Management Associates Inc lifted its position in shares of General Mills by 73.1% in the 4th quarter. Capital Management Associates Inc now owns 318,865 shares of the company’s stock worth $20,334,000 after purchasing an additional 134,654 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of General Mills by 9.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 87,906 shares of the company’s stock valued at $5,606,000 after purchasing an additional 7,593 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in General Mills by 6.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,690,825 shares of the company’s stock valued at $107,824,000 after buying an additional 96,442 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Trading Down 0.6 %

Shares of GIS stock opened at $58.86 on Friday. The company has a market capitalization of $32.45 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 3.88 and a beta of 0.10. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $62.46 and a 200 day moving average price of $67.16. General Mills, Inc. has a twelve month low of $57.94 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last posted 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 analyst estimates 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 was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 earnings per share. Research analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

Insider Activity at General Mills

In other General Mills news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction 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 directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated 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 transaction, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GIS shares. TD Cowen decreased their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $78.00 to $80.00 in a research note on Friday, December 13th. Barclays lowered their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $70.94.

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 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.