General Mills, Inc. (NYSE:GIS) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC raised its holdings in General Mills, Inc. (NYSE:GIS) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,940 shares of the company’s stock after purchasing an additional 1,620 shares during the period. Perigon Wealth Management LLC’s holdings in General Mills were worth $1,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Endeavor Private Wealth Inc. acquired a new stake in General Mills in the fourth quarter valued at $26,000. Values First Advisors Inc. acquired a new stake in shares of General Mills in the 3rd quarter valued at about $27,000. Planning Capital Management Corp lifted its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in General Mills in the third quarter worth about $44,000. Finally, Rise Advisors LLC increased its holdings in General Mills by 46.7% in the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after buying an additional 193 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GIS shares. TD Cowen decreased their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Citigroup dropped their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. Finally, Wells Fargo & Company cut their target price on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.94.

General Mills Stock Up 1.3 %

Shares of GIS stock opened at $60.66 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The stock has a market cap of $33.44 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 3.70 and a beta of 0.11. The business’s fifty day moving average is $63.15 and its 200-day moving average is $67.36. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last issued its quarterly earnings results 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 net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the business earned $1.25 earnings per share. General Mills’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts expect that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm 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 $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 3.96%. General Mills’s dividend payout ratio (DPR) is 52.17%.

Insider Buying and Selling 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 shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now owns 23,013 shares in the company, valued at $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

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.