Independent Advisor Alliance Has $2.12 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Independent Advisor Alliance raised its position in shares of General Mills, Inc. (NYSE:GIS) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,231 shares of the company’s stock after purchasing an additional 3,434 shares during the quarter. Independent Advisor Alliance’s holdings in General Mills were worth $2,119,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new stake in shares of General Mills during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills in the fourth quarter valued at approximately $31,000. Planning Capital Management Corp boosted its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after buying an additional 193 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in General Mills during the 4th quarter valued at $34,000. Finally, Heck Capital Advisors LLC purchased a new position in General Mills during the 4th quarter worth $38,000. Institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GIS. Wells Fargo & Company dropped their target price 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 reduced their target price 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. JPMorgan Chase & Co. dropped their price target on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday. Stifel Nicolaus dropped their price objective on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, TD Cowen cut their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.24.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction on 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 directly owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

General Mills Trading Down 0.5 %

General Mills stock opened at $59.72 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm’s 50 day moving average price is $60.19 and its 200-day moving average price is $65.78. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The stock has a market cap of $32.92 billion, a P/E ratio of 12.98, a PEG ratio of 1.94 and a beta of 0.06.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the business earned $1.25 earnings per share. General Mills’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.02%. General Mills’s dividend payout ratio (DPR) is currently 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.