Arkadios Wealth Advisors Raises Stock Position in General Mills, Inc. (NYSE:GIS)

Arkadios Wealth Advisors increased its stake in General Mills, Inc. (NYSE:GIS) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,362 shares of the company’s stock after purchasing an additional 392 shares during the quarter. Arkadios Wealth Advisors’ holdings in General Mills were worth $2,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Values First Advisors Inc. purchased a new stake in General Mills in the third quarter worth approximately $27,000. Planning Capital Management Corp boosted its holdings in General Mills by 61.5% in 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. Fairscale Capital LLC purchased a new stake in General Mills in the second quarter worth approximately $42,000. Catalyst Capital Advisors LLC purchased a new stake in General Mills in the third quarter worth approximately $44,000. Finally, Rise Advisors LLC boosted its holdings in General Mills by 46.7% in the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after purchasing an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

GIS has been the topic of several research reports. 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. TD Cowen dropped their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Barclays dropped their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, General Mills currently has a consensus rating of “Hold” and a consensus target price of $71.31.

Insider Transactions at General Mills

In related news, CEO Jeffrey L. Harmening sold 46,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the transaction, the chief executive officer now directly owns 355,328 shares in the company, valued at approximately $24,379,054.08. This represents a 11.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,541 shares of company stock worth $3,321,170 in the last three months. Insiders own 0.26% of the company’s stock.

General Mills Stock Performance

Shares of NYSE GIS opened at $59.64 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 company has a market cap of $32.88 billion, a P/E ratio of 12.97, a P/E/G ratio of 3.65 and a beta of 0.11. The firm’s fifty day moving average is $63.76 and its two-hundred day moving average is $67.49. General Mills, Inc. has a 52-week low of $57.94 and a 52-week high of $75.90.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.14 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts anticipate that General Mills, Inc. will post 4.42 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.02%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

About General Mills

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.