General Mills, Inc. (NYSE:GIS) Stock Position Lifted by Capital Management Associates Inc

Capital Management Associates Inc grew its holdings in shares of General Mills, Inc. (NYSE:GIS) by 73.1% in the 4th quarter, HoldingsChannel reports. The firm owned 318,865 shares of the company’s stock after acquiring an additional 134,654 shares during the quarter. General Mills accounts for approximately 7.6% of Capital Management Associates Inc’s investment portfolio, making the stock its 4th biggest holding. Capital Management Associates Inc’s holdings in General Mills were worth $20,334,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Czech National Bank raised its holdings in shares of General Mills by 5.4% in the 3rd quarter. Czech National Bank now owns 113,389 shares of the company’s stock worth $8,374,000 after purchasing an additional 5,808 shares during the period. Mather Group LLC. raised its stake in shares of General Mills by 65.2% in the third quarter. Mather Group LLC. now owns 4,750 shares of the company’s stock valued at $351,000 after buying an additional 1,875 shares during the period. Atomi Financial Group Inc. lifted its position in shares of General Mills by 18.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 5,898 shares of the company’s stock valued at $436,000 after buying an additional 931 shares during the last quarter. Brookstone Capital Management lifted its position in shares of General Mills by 13.6% during the 3rd quarter. Brookstone Capital Management now owns 15,234 shares of the company’s stock valued at $1,125,000 after buying an additional 1,821 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in General Mills by 4.1% in the 3rd quarter. Wedmont Private Capital now owns 13,174 shares of the company’s stock worth $958,000 after acquiring an additional 518 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Performance

NYSE GIS opened at $58.86 on Friday. The company has a market capitalization of $32.45 billion, a P/E ratio of 12.80, a P/E/G ratio of 3.88 and a beta of 0.10. 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 52-week low of $57.94 and a 52-week high of $75.90. The company has a fifty day moving average of $62.46 and a 200-day moving average of $67.16.

General Mills (NYSE:GIS) last posted 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. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. As a group, equities research analysts predict that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. General Mills’s payout ratio is 52.17%.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. Stifel Nicolaus lowered their target price on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and raised their price target for the stock from $78.00 to $80.00 in a report on Friday, December 13th. TD Cowen decreased their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Finally, Barclays cut their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, General Mills has an average rating of “Hold” and a consensus price target of $70.94.

General Mills 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.