General Mills, Inc. (NYSE:GIS) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in shares of General Mills, Inc. (NYSE:GIS) by 42.0% during the fourth quarter, Holdings Channel reports. The fund owned 470,324 shares of the company’s stock after acquiring an additional 139,103 shares during the quarter. Mackenzie Financial Corp’s holdings in General Mills were worth $30,637,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GIS. FWL Investment Management LLC acquired a new position in shares of General Mills in the 4th quarter valued at $25,000. Almanack Investment Partners LLC. acquired a new position in shares of General Mills in the 3rd quarter valued at $28,000. Operose Advisors LLC boosted its holdings in shares of General Mills by 214.1% in the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of General Mills in the 4th quarter valued at $28,000. Finally, HWG Holdings LP boosted its holdings in shares of General Mills by 107.4% in the 2nd quarter. HWG Holdings LP now owns 450 shares of the company’s stock valued at $35,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 1.0 %

NYSE GIS opened at $68.51 on Thursday. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The company has a 50-day simple moving average of $66.59 and a 200-day simple moving average of $65.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a market capitalization of $38.91 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 2.34 and a beta of 0.15.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the business posted $0.97 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays lifted their price target on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Stifel Nicolaus raised their target price on shares of General Mills from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Mizuho raised their target price on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Citigroup started coverage on shares of General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $72.18.

Insider Activity

In other news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other General Mills news, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the completion of the transaction, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The disclosure for this sale can be found here. In the last three months, insiders sold 77,782 shares of company stock valued at $5,057,820. Company insiders own 0.24% of the company’s stock.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.