5,230 Shares in General Mills, Inc. (NYSE:GIS) Bought by Wynn Capital LLC

Wynn Capital LLC purchased a new position in shares of General Mills, Inc. (NYSE:GIS) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,230 shares of the company’s stock, valued at approximately $341,000.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of General Mills by 4.8% in the third quarter. International Assets Investment Management LLC now owns 7,323 shares of the company’s stock valued at $469,000 after buying an additional 337 shares in the last quarter. RFG Advisory LLC increased its position in General Mills by 15.3% during the 3rd quarter. RFG Advisory LLC now owns 6,797 shares of the company’s stock worth $435,000 after purchasing an additional 904 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in General Mills by 4.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,170 shares of the company’s stock worth $267,000 after purchasing an additional 160 shares in the last quarter. GHP Investment Advisors Inc. increased its position in General Mills by 0.6% during the 3rd quarter. GHP Investment Advisors Inc. now owns 72,974 shares of the company’s stock worth $4,600,000 after purchasing an additional 430 shares in the last quarter. Finally, Meridian Wealth Management LLC increased its position in General Mills by 142.1% during the 3rd quarter. Meridian Wealth Management LLC now owns 6,930 shares of the company’s stock worth $445,000 after purchasing an additional 4,068 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Performance

GIS traded up $0.79 during trading on Wednesday, reaching $71.61. 4,415,968 shares of the company were exchanged, compared to its average volume of 4,277,180. The stock has a market cap of $40.67 billion, a P/E ratio of 16.24, a PEG ratio of 2.46 and a beta of 0.15. The firm has a 50 day moving average of $67.17 and a 200 day moving average of $65.45. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, sell-side analysts forecast that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.30%. General Mills’s dividend payout ratio (DPR) is 54.13%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price target on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a report on Thursday, March 21st. Mizuho lifted their price target on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Barclays lifted their price target on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.18.

Insider Activity

In other news, insider Jonathon Nudi sold 7,671 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the sale, the insider now owns 102,924 shares in the company, valued at $6,602,574.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 17,726 shares of company stock worth $1,187,811 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.