NEOS Investment Management LLC Has $2.29 Million Stock Position in General Mills, Inc. (NYSE:GIS)

NEOS Investment Management LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 31.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,915 shares of the company’s stock after acquiring an additional 8,610 shares during the quarter. NEOS Investment Management LLC’s holdings in General Mills were worth $2,290,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new position in General Mills during the 4th quarter valued at about $26,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Mills during the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills in the fourth quarter valued at approximately $31,000. VSM Wealth Advisory LLC bought a new position in General Mills in the fourth quarter valued at approximately $32,000. Finally, Bank of Jackson Hole Trust acquired a new stake in General Mills during the 4th quarter worth $34,000. Institutional investors own 75.71% of the company’s stock.

General Mills Trading Down 1.0 %

NYSE:GIS opened at $59.09 on Friday. The company has a market cap of $32.57 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The business has a 50 day moving average price of $59.97 and a two-hundred day moving average price of $64.74. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. As a group, analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 4.06%. General Mills’s payout ratio is presently 52.75%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America reduced their price target on General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company decreased their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft lowered their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price objective on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $65.69.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

General Mills Company 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.