Choreo LLC Has $1.68 Million Holdings in General Mills, Inc. (NYSE:GIS)

Choreo LLC raised its position in General Mills, Inc. (NYSE:GIS) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,377 shares of the company’s stock after buying an additional 1,829 shares during the period. Choreo LLC’s holdings in General Mills were worth $1,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new position in shares of General Mills during the fourth quarter worth approximately $26,000. Values First Advisors Inc. acquired a new position in shares of General Mills during the third quarter worth approximately $27,000. Planning Capital Management Corp lifted its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of General Mills during the fourth quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of General Mills during the third quarter worth approximately $44,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Down 0.6 %

Shares of NYSE:GIS opened at $58.86 on Friday. General Mills, Inc. has a 12 month low of $57.94 and a 12 month high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company’s fifty day simple moving average is $62.46 and its 200 day simple moving average is $67.16. The firm has a market cap of $32.45 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 3.88 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the business posted $1.25 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Dividend Announcement

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

Insider Buying and Selling

In other General Mills news, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction 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. The trade was 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a 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 report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price objective on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Wells Fargo & Company cut their price objective on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Citigroup cut their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. One equities 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 data from MarketBeat, General Mills currently has a consensus rating of “Hold” and a consensus target price 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.