Vision Financial Markets LLC Purchases Shares of 3,800 General Mills, Inc. (NYSE:GIS)

Vision Financial Markets LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,800 shares of the company’s stock, valued at approximately $242,000.

A number of other hedge funds also recently made changes to their positions in GIS. Farther Finance Advisors LLC raised its stake in shares of General Mills by 5.5% during the third quarter. Farther Finance Advisors LLC now owns 6,932 shares of the company’s stock valued at $512,000 after purchasing an additional 363 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of General Mills by 22.1% during the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after purchasing an additional 43,086 shares during the period. Van ECK Associates Corp raised its stake in shares of General Mills by 9.7% during the third quarter. Van ECK Associates Corp now owns 103,174 shares of the company’s stock valued at $7,076,000 after purchasing an additional 9,119 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of General Mills during the third quarter valued at approximately $44,000. Finally, Crestwood Advisors Group LLC raised its stake in shares of General Mills by 5.4% during the third quarter. Crestwood Advisors Group LLC now owns 5,038 shares of the company’s stock valued at $372,000 after purchasing an additional 258 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Barclays dropped 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 research note on Friday, December 20th. Piper Sandler dropped their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus dropped their price target on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. 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 company. According to data from MarketBeat, General Mills currently has an average rating of “Hold” and an average price target of $69.06.

General Mills Stock Performance

Shares of GIS opened at $60.96 on Thursday. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The company has a market cap of $33.60 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.94 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. The firm has a fifty day moving average of $60.35 and a 200-day moving average of $66.09.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 earnings per share. As a group, equities analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.94%. General Mills’s dividend payout ratio is presently 52.17%.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

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.