Taylor Hoffman Wealth Management bought a new position in General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,259 shares of the company’s stock, valued at approximately $549,000. General Mills comprises about 1.2% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 27th largest holding.
Other hedge funds have also recently modified their holdings of the company. Cable Hill Partners LLC increased its holdings in shares of General Mills by 274.5% during the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after acquiring an additional 1,647 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of General Mills by 322.7% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after acquiring an additional 1,878 shares during the last quarter. Tradewinds Capital Management LLC increased its holdings in shares of General Mills by 127.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after acquiring an additional 1,459 shares during the last quarter. Spectrum Management Group Inc. acquired a new position in shares of General Mills during the 3rd quarter valued at about $135,000. Finally, Americafirst Capital Management LLC acquired a new position in shares of General Mills during the 2nd quarter valued at about $158,000. 72.59% of the stock is currently owned by institutional investors.
In related news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.
Shares of General Mills, Inc. (NYSE GIS) opened at $56.43 on Friday. General Mills, Inc. has a 52 week low of $49.65 and a 52 week high of $61.59. The firm has a market capitalization of $32,111.15, a P/E ratio of 18.94, a P/E/G ratio of 2.48 and a beta of 0.61. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81.
General Mills (NYSE:GIS) last announced 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. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities analysts forecast that General Mills, Inc. will post 3.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.49 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.96 annualized dividend and a yield of 3.47%. General Mills’s payout ratio is 71.79%.
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General Mills Company 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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