Capital Advisors Inc. OK Acquires 12,434 Shares of General Mills, Inc. (NYSE:GIS)

Capital Advisors Inc. OK raised its position in shares of General Mills, Inc. (NYSE:GIS) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 439,266 shares of the company’s stock after purchasing an additional 12,434 shares during the quarter. Capital Advisors Inc. OK owned 0.08% of General Mills worth $28,012,000 at the end of the most recent quarter.

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

General Mills Trading Up 2.2 %

NYSE GIS opened at $59.37 on Wednesday. General Mills, Inc. has a one year low of $57.85 and a one year high of $75.90. The company has a 50-day simple moving average of $62.13 and a 200-day simple moving average of $67.09. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The firm has a market capitalization of $32.72 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the business posted $1.25 EPS. General Mills’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.17%.

Insider Activity at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction on Friday, December 20th. The shares were 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 directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The sale 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 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 sale, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. This trade represents a 4.16 % 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.

Analyst Ratings Changes

A number of research analysts have recently commented on GIS shares. Stifel Nicolaus cut their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Mizuho lowered their price target on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and lifted their target price for the company from $78.00 to $80.00 in a report on Friday, December 13th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $71.13.

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.