NTV Asset Management LLC Takes Position in General Mills, Inc. (GIS)

NTV Asset Management LLC bought a new position in General Mills, Inc. (NYSE:GIS) in the fourth quarter, HoldingsChannel.com reports. The firm bought 3,782 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in General Mills by 21.8% in the 2nd quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after purchasing an additional 9,952 shares in the last quarter. LVW Advisors LLC acquired a new stake in General Mills in the 2nd quarter worth approximately $2,515,000. Captrust Financial Advisors acquired a new stake in General Mills in the 2nd quarter worth approximately $693,000. AXA boosted its stake in General Mills by 8.5% in the 2nd quarter. AXA now owns 1,030,200 shares of the company’s stock worth $57,073,000 after purchasing an additional 81,000 shares in the last quarter. Finally, 1st Global Advisors Inc. acquired a new stake in General Mills in the 2nd quarter worth approximately $2,600,000. Institutional investors own 72.84% of the company’s stock.

General Mills, Inc. (GIS) opened at $53.99 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. The firm has a market cap of $31,098.24, a P/E ratio of 19.78, a PEG ratio of 2.41 and a beta of 0.61. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $63.73.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. sell-side analysts anticipate that General Mills, Inc. will post 3.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Tuesday, January 9th. General Mills’s dividend payout ratio (DPR) is 71.79%.

Several analysts have commented on the stock. Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price objective for the company in a research note on Wednesday, January 3rd. Edward Jones restated a “hold” rating on shares of General Mills in a research note on Wednesday, December 20th. Susquehanna Bancshares set a $60.00 price objective on shares of General Mills and gave the company a “hold” rating in a research note on Tuesday, December 19th. BMO Capital Markets restated a “neutral” rating on shares of General Mills in a research note on Friday, December 22nd. Finally, Zacks Investment Research cut shares of General Mills from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. General Mills presently has an average rating of “Hold” and a consensus price target of $58.28.

In other news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the transaction, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.

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General Mills Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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

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