Global X Management Co. LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 151.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,518 shares of the company’s stock after acquiring an additional 6,946 shares during the quarter. Global X Management Co. LLC’s holdings in General Mills were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in GIS. Cable Hill Partners LLC boosted its position in shares of General Mills by 274.5% during the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after acquiring an additional 1,647 shares during the last quarter. Grove Bank & Trust boosted its position in shares of General Mills by 322.7% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after acquiring an additional 1,878 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in shares of General Mills by 127.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after acquiring an additional 1,459 shares during the last quarter. Spectrum Management Group Inc. acquired a new position in shares of General Mills during the 3rd quarter valued at about $135,000. Finally, Americafirst Capital Management LLC acquired a new position in shares of General Mills during the 2nd quarter valued at about $158,000. 72.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of General Mills, Inc. (NYSE:GIS) opened at $54.48 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a market cap of $31,838.00, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.46 and a beta of 0.61. General Mills, Inc. has a one year low of $49.65 and a one year high of $61.38.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.60%. General Mills’s dividend payout ratio (DPR) is presently 71.79%.
GIS has been the topic of several recent research reports. Wells Fargo & Co set a $65.00 price target on shares of General Mills and gave the company a “buy” rating in a research report on Thursday, December 21st. Jefferies Group raised shares of General Mills from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Wednesday, February 14th. Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Susquehanna Bancshares set a $57.00 target price on shares of General Mills and gave the company a “hold” rating in a research report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $57.86.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the sale, the insider now directly owns 36,089 shares in the company, valued at $2,143,686.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.
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About General Mills
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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