3,795 Shares in General Mills, Inc. (GIS) Acquired by Davis R M Inc.

Davis R M Inc. purchased a new position in shares of General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,795 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new position in shares of General Mills during the 2nd quarter worth about $302,000. IFP Advisors Inc lifted its position in shares of General Mills by 2.4% during the 2nd quarter. IFP Advisors Inc now owns 38,645 shares of the company’s stock worth $2,141,000 after purchasing an additional 896 shares during the last quarter. First Bank & Trust lifted its position in shares of General Mills by 44.0% during the 2nd quarter. First Bank & Trust now owns 12,778 shares of the company’s stock worth $708,000 after purchasing an additional 3,904 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of General Mills by 15.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 28,724 shares of the company’s stock worth $1,591,000 after purchasing an additional 3,756 shares during the last quarter. Finally, Tdam USA Inc. lifted its position in shares of General Mills by 0.4% during the 2nd quarter. Tdam USA Inc. now owns 28,063 shares of the company’s stock worth $1,543,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.

In other news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the sale, the insider now directly owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Several equities analysts have commented on GIS shares. Piper Jaffray Companies raised General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target for the company in a report on Wednesday, January 3rd. Susquehanna Bancshares set a $56.00 price target on General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Argus reaffirmed a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. Goldman Sachs Group reaffirmed a “sell” rating on shares of General Mills in a report on Wednesday, October 4th. Finally, Wells Fargo & Co cut their price target on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.17.

Shares of General Mills, Inc. (NYSE GIS) opened at $59.12 on Thursday. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $63.73. The firm has a market capitalization of $33,249.23, a P/E ratio of 21.66, a PEG ratio of 2.58 and a beta of 0.66. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. sell-side analysts predict that General Mills, Inc. will post 3.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a $0.49 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. General Mills’s dividend payout ratio is currently 71.79%.

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General Mills Company Profile

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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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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