Westbourne Investment Advisors Inc. Acquires Shares of 4,064 General Mills, Inc. (GIS)

Westbourne Investment Advisors Inc. acquired a new position in shares of General Mills, Inc. (NYSE:GIS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,064 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors also recently made changes to their positions in GIS. GSA Capital Partners LLP acquired a new stake in shares of General Mills during the third quarter worth $383,000. National Pension Service grew its stake in General Mills by 1.6% in the third quarter. National Pension Service now owns 610,451 shares of the company’s stock valued at $26,201,000 after acquiring an additional 9,459 shares during the period. Worldquant Millennium Quantitative Strategies LLC grew its stake in General Mills by 3.5% in the third quarter. Worldquant Millennium Quantitative Strategies LLC now owns 77,308 shares of the company’s stock valued at $3,318,000 after acquiring an additional 2,588 shares during the period. Point72 Hong Kong Ltd acquired a new position in General Mills in the third quarter valued at about $285,000. Finally, Mackenzie Financial Corp grew its stake in General Mills by 17.1% in the third quarter. Mackenzie Financial Corp now owns 10,926 shares of the company’s stock valued at $469,000 after acquiring an additional 1,597 shares during the period. 68.89% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Donal L. Mulligan sold 120,722 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $47.50, for a total transaction of $5,734,295.00. Following the sale, the chief financial officer now owns 252,326 shares in the company, valued at $11,985,485. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John R. Church sold 4,719 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $50.78, for a total value of $239,630.82. Following the sale, the insider now owns 34,112 shares in the company, valued at approximately $1,732,207.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 452,071 shares of company stock worth $22,112,181. Corporate insiders own 0.59% of the company’s stock.



A number of research firms have issued reports on GIS. Wells Fargo & Co boosted their target price on General Mills from $53.00 to $56.00 and gave the company a “positive” rating in a research note on Friday, March 22nd. Standpoint Research cut General Mills from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Guggenheim began coverage on General Mills in a research note on Tuesday, January 22nd. They issued a “buy” rating and a $49.00 target price for the company. Citigroup reissued a “top pick” rating and issued a $60.00 target price (up from $54.00) on shares of General Mills in a research note on Thursday, March 21st. Finally, BMO Capital Markets boosted their target price on General Mills from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. General Mills has an average rating of “Hold” and an average target price of $49.91.

Shares of General Mills stock traded up $0.05 during trading on Monday, reaching $51.63. The stock had a trading volume of 61,748 shares, compared to its average volume of 5,103,118. The firm has a market cap of $30.92 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. General Mills, Inc. has a 52 week low of $36.42 and a 52 week high of $51.96. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.55 and a quick ratio of 0.35.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.21 billion. General Mills had a return on equity of 28.11% and a net margin of 9.26%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 earnings per share. On average, equities analysts expect that General Mills, Inc. will post 3.14 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.49 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.80%. General Mills’s dividend payout ratio (DPR) is 63.02%.

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About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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