Orion Portfolio Solutions LLC Has $2.18 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Orion Portfolio Solutions LLC lifted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 18.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,152 shares of the company’s stock after purchasing an additional 5,202 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in General Mills were worth $2,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GIS. RFG Advisory LLC boosted its position in General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after buying an additional 172 shares during the last quarter. TCW Group Inc. boosted its holdings in General Mills by 0.8% in the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock valued at $1,471,000 after acquiring an additional 194 shares during the last quarter. Quadrant Private Wealth Management LLC increased its position in General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock worth $356,000 after purchasing an additional 197 shares during the period. Howard Capital Management Inc. raised its holdings in General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock worth $250,000 after purchasing an additional 198 shares during the last quarter. Finally, LRI Investments LLC lifted its position in General Mills by 5.9% during the 3rd quarter. LRI Investments LLC now owns 3,593 shares of the company’s stock valued at $265,000 after purchasing an additional 200 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

General Mills Stock Down 0.1 %

Shares of GIS stock opened at $59.70 on Wednesday. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a fifty day moving average of $59.96 and a 200-day moving average of $64.42. The company has a market capitalization of $32.91 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.94 and a beta of 0.06.

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

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is currently 52.75%.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of recent research reports. Morgan Stanley started coverage on shares of General Mills in a research note on Monday, March 24th. They set an “underweight” rating and a $53.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Piper Sandler dropped their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Mizuho reduced their target price on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Finally, Citigroup lowered their price target on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and an average price target of $65.69.

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.