Bogart Wealth LLC Has $259,000 Stock Position in General Mills, Inc. (NYSE:GIS)

Bogart Wealth LLC raised its holdings in General Mills, Inc. (NYSE:GIS) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,055 shares of the company’s stock after acquiring an additional 201 shares during the quarter. Bogart Wealth LLC’s holdings in General Mills were worth $259,000 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 General Mills in the 4th quarter valued at approximately $26,000. Values First Advisors Inc. bought a new stake in shares of General Mills in the 3rd quarter valued at $27,000. Planning Capital Management Corp boosted its stake in shares of General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of General Mills in the 4th quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of General Mills in the 3rd quarter valued at $44,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated 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 transaction, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Cowen reduced 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. Barclays reduced their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and upped their price objective for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Finally, Citigroup cut their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $71.13.

General Mills Trading Down 1.2 %

Shares of General Mills stock opened at $58.85 on Friday. The company has a market capitalization of $32.44 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. The stock has a fifty day simple moving average of $61.74 and a 200 day simple moving average of $66.93. General Mills, Inc. has a 12-month low of $57.85 and a 12-month high of $75.90. 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 earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend 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 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.