LMG Wealth Partners LLC Grows Holdings in General Mills, Inc. (NYSE:GIS)

LMG Wealth Partners LLC raised its position in General Mills, Inc. (NYSE:GIS) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,258 shares of the company’s stock after buying an additional 1,333 shares during the period. LMG Wealth Partners LLC’s holdings in General Mills were worth $399,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of GIS. Gladstone Institutional Advisory LLC increased its position in shares of General Mills by 6.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock valued at $304,000 after acquiring an additional 268 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of General Mills by 22.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after purchasing an additional 43,086 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after purchasing an additional 2,926,232 shares during the period. J2 Capital Management Inc purchased a new position in shares of General Mills in the 4th quarter worth about $547,000. Finally, Crossmark Global Holdings Inc. grew its position in General Mills by 129.9% during the third quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock valued at $13,649,000 after buying an additional 104,436 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 0.7 %

Shares of NYSE:GIS opened at $57.94 on Thursday. The company has a market cap of $31.94 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.79 and a beta of 0.10. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The firm has a fifty day moving average price of $61.15 and a two-hundred day moving average price of $66.66. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

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

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is currently 52.17%.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho lowered their price objective on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Citigroup dropped their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Stifel Nicolaus decreased their target price on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company lowered their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Barclays decreased their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. One 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, General Mills currently has a consensus rating of “Hold” and a consensus price target of $69.88.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s 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 owns 42,117 shares of the company’s stock, valued at approximately $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 accessible through this link. Corporate insiders own 0.26% of the company’s stock.

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.