General Mills, Inc. (NYSE:GIS) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,603 shares of the company’s stock after purchasing an additional 1,956 shares during the period. Diversify Wealth Management LLC’s holdings in General Mills were worth $679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in General Mills by 13.2% in the 2nd quarter. Sei Investments Co. now owns 403,948 shares of the company’s stock valued at $25,554,000 after acquiring an additional 47,239 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of General Mills by 6.4% in the second quarter. Thrivent Financial for Lutherans now owns 42,121 shares of the company’s stock valued at $2,664,000 after purchasing an additional 2,528 shares during the period. Summit Trail Advisors LLC raised its stake in shares of General Mills by 47.2% during the second quarter. Summit Trail Advisors LLC now owns 7,214 shares of the company’s stock worth $456,000 after purchasing an additional 2,312 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of General Mills by 0.6% during the second quarter. ProShare Advisors LLC now owns 92,171 shares of the company’s stock worth $5,831,000 after purchasing an additional 574 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its stake in shares of General Mills by 11.5% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 7,258 shares of the company’s stock worth $459,000 after acquiring an additional 746 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

GIS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and upped their price target for the stock from $78.00 to $80.00 in a research note on Friday, December 13th. Stifel Nicolaus reduced their price target on shares of General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Barclays lowered their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Finally, Wells Fargo & Company decreased their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Mills has a consensus rating of “Hold” and an average target price of $71.31.

General Mills Stock Performance

NYSE GIS opened at $60.08 on Wednesday. The firm’s fifty day moving average price is $63.67 and its two-hundred day moving average price is $67.53. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90. The firm has a market capitalization of $33.12 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 3.72 and a beta of 0.11. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) 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 prior year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that General Mills, Inc. will post 4.42 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s payout ratio is 52.17%.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now owns 23,013 shares in the company, valued at $1,465,007.58. This represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company’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 transaction, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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.