Baader Bank Aktiengesellschaft Buys 4,732 Shares of General Mills, Inc. (NYSE:GIS)

Baader Bank Aktiengesellschaft grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 25.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,208 shares of the company’s stock after buying an additional 4,732 shares during the period. Baader Bank Aktiengesellschaft’s holdings in General Mills were worth $1,480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mesirow Financial Investment Management Inc. grew its holdings in shares of General Mills by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after purchasing an additional 148 shares in the last quarter. Ballentine Partners LLC lifted its position in General Mills by 1.1% during the third quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock valued at $1,097,000 after purchasing an additional 165 shares during the last quarter. EP Wealth Advisors LLC grew its stake in General Mills by 0.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock worth $1,368,000 after buying an additional 172 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock worth $425,000 after buying an additional 172 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its position in shares of General Mills by 1.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock valued at $783,000 after buying an additional 173 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

In other news, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. The trade was a 4.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GIS shares. JPMorgan Chase & Co. upped their target price on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and increased their price objective for the company from $78.00 to $80.00 in a research report on Friday, December 13th. Citigroup reduced their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, Stifel Nicolaus reduced their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, General Mills currently has a consensus rating of “Hold” and an average target price of $70.94.

General Mills Price Performance

Shares of GIS stock opened at $59.94 on Thursday. The firm has a market cap of $33.04 billion, a P/E ratio of 13.03, a P/E/G ratio of 3.70 and a beta of 0.11. General Mills, Inc. has a fifty-two week low of $57.94 and a fifty-two week high of $75.90. The business’s 50 day moving average price is $63.23 and its 200-day moving average price is $67.42. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. On average, equities research analysts anticipate that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.00%. General Mills’s payout ratio is 52.17%.

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.