Apollon Wealth Management LLC Increases Position in General Mills, Inc. (NYSE:GIS)

Apollon Wealth Management LLC increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,586 shares of the company’s stock after purchasing an additional 1,761 shares during the quarter. Apollon Wealth Management LLC’s holdings in General Mills were worth $1,504,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC lifted its position in shares of General Mills by 20.0% during the fourth quarter. Byrne Asset Management LLC now owns 1,200 shares of the company’s stock valued at $77,000 after buying an additional 200 shares during the last quarter. Cidel Asset Management Inc. raised its stake in shares of General Mills by 4.0% during the 4th quarter. Cidel Asset Management Inc. now owns 7,723 shares of the company’s stock worth $492,000 after acquiring an additional 298 shares in the last quarter. Joel Isaacson & Co. LLC lifted its position in General Mills by 11.3% during the fourth quarter. Joel Isaacson & Co. LLC now owns 4,880 shares of the company’s stock valued at $311,000 after acquiring an additional 495 shares during the last quarter. Capital Management Associates Inc boosted its stake in General Mills by 73.1% in the fourth quarter. Capital Management Associates Inc now owns 318,865 shares of the company’s stock valued at $20,334,000 after acquiring an additional 134,654 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in General Mills by 9.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 87,906 shares of the company’s stock worth $5,606,000 after purchasing an additional 7,593 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GIS. Stifel Nicolaus decreased their price objective on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a report on Friday, January 24th. Wells Fargo & Company lowered their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Mizuho dropped their price target on General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. Finally, Barclays dropped their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $71.13.

General Mills Stock Performance

NYSE GIS opened at $58.06 on Tuesday. The firm has a market capitalization of $32.00 billion, a P/E ratio of 12.62, a PEG ratio of 3.82 and a beta of 0.10. The stock has a 50-day simple moving average of $62.31 and a two-hundred day simple moving average of $67.15. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a fifty-two week low of $57.85 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the business earned $1.25 earnings per share. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 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.