Savant Capital LLC Has $1.99 Million Stake in General Mills, Inc. (NYSE:GIS)

Savant Capital LLC raised its position in General Mills, Inc. (NYSE:GISFree Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,232 shares of the company’s stock after acquiring an additional 882 shares during the quarter. Savant Capital LLC’s holdings in General Mills were worth $1,992,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GIS. Angeles Wealth Management LLC bought a new stake in shares of General Mills in the 4th quarter valued at about $263,000. Entropy Technologies LP bought a new stake in General Mills in the fourth quarter valued at approximately $708,000. Empowered Funds LLC lifted its position in shares of General Mills by 79.5% in the fourth quarter. Empowered Funds LLC now owns 143,291 shares of the company’s stock valued at $9,138,000 after buying an additional 63,456 shares during the last quarter. Moloney Securities Asset Management LLC boosted its stake in shares of General Mills by 5.3% during the 4th quarter. Moloney Securities Asset Management LLC now owns 9,249 shares of the company’s stock worth $590,000 after acquiring an additional 462 shares during the period. Finally, Advisors Preferred LLC acquired a new position in shares of General Mills during the 4th quarter worth approximately $432,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling

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

General Mills Trading Down 1.5 %

Shares of General Mills stock opened at $58.46 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 12-month low of $57.85 and a 12-month high of $75.90. The company has a market capitalization of $32.22 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 3.82 and a beta of 0.10. The firm’s 50-day moving average price is $61.99 and its two-hundred day moving average price is $67.05.

General Mills (NYSE:GISGet Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (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 business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the business posted $1.25 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast that General Mills, Inc. will post 4.4 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. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.11%. General Mills’s payout ratio is 52.17%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GIS shares. Deutsche Bank Aktiengesellschaft cut their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Barclays reduced their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Mizuho lowered their price target on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday. Citigroup cut their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, Stifel Nicolaus decreased their target price on 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 investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, General Mills has an average rating of “Hold” and a consensus price target of $71.13.

View Our Latest Report on General Mills

General Mills Profile

(Free Report)

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.

See Also

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

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