Capital Advisors Ltd. LLC Boosts Stock Position in General Mills, Inc. (NYSE:GIS)

Capital Advisors Ltd. LLC increased its stake in General Mills, Inc. (NYSE:GIS) by 150.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 653 shares of the company’s stock after buying an additional 392 shares during the period. Capital Advisors Ltd. LLC’s holdings in General Mills were worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GIS. International Assets Investment Management LLC grew its stake in shares of General Mills by 6,114.0% in the 3rd quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock worth $33,266,000 after buying an additional 443,202 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of General Mills by 20.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,289 shares of the company’s stock worth $3,517,000 after buying an additional 8,053 shares during the last quarter. Forsta AP Fonden grew its stake in shares of General Mills by 41.1% in the 3rd quarter. Forsta AP Fonden now owns 153,500 shares of the company’s stock worth $11,336,000 after buying an additional 44,700 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of General Mills by 15.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 913,326 shares of the company’s stock worth $67,854,000 after buying an additional 119,955 shares during the last quarter. Finally, Carret Asset Management LLC purchased a new stake in shares of General Mills in the 3rd quarter worth approximately $232,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

GIS has been the topic of several recent analyst reports. TD Cowen cut their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. Bank of America cut their target price on General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Finally, Citigroup cut their target price 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. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $69.88.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

General Mills Stock Performance

GIS stock opened at $61.32 on Tuesday. The company has a market cap of $33.80 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The stock’s fifty day moving average price is $60.81 and its 200-day moving average price is $66.48. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

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 issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.91%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is currently 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.