7,413 Shares in General Mills, Inc. (NYSE:GIS) Bought by Kiker Wealth Management LLC

Kiker Wealth Management LLC bought a new stake in General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,413 shares of the company’s stock, valued at approximately $473,000.

Several other hedge funds also recently bought and sold shares of GIS. RFG Advisory LLC increased its holdings in General Mills by 2.6% in the fourth 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. TCW Group Inc. grew its position in General Mills by 0.8% in the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock worth $1,471,000 after acquiring an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC increased its stake in shares of General Mills by 3.7% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock worth $356,000 after purchasing an additional 197 shares during the last quarter. Howard Capital Management Inc. raised its holdings in shares of General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock valued at $250,000 after purchasing an additional 198 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in shares of General Mills by 5.9% in the 3rd quarter. LRI Investments LLC now owns 3,593 shares of the company’s stock valued at $265,000 after purchasing an additional 200 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group raised their target price on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft decreased their target price on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company dropped their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays decreased their price objective on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, General Mills has a consensus rating of “Hold” and a consensus price target of $66.76.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company’s stock.

General Mills Stock Performance

Shares of NYSE GIS opened at $58.31 on Friday. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The business has a fifty day simple moving average of $59.99 and a 200 day simple moving average of $65.37. The firm has a market capitalization of $32.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.94 and a beta of 0.06.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the business earned $1.17 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business 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. This represents a $2.40 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) 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.