1,056 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners purchased a new position in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,056 shares of the company’s stock, valued at approximately $69,000.

A number of other large investors have also bought and sold shares of the business. Kennedy Investment Group grew its position in General Mills by 7.6% during the 4th quarter. Kennedy Investment Group now owns 33,566 shares of the company’s stock worth $2,186,000 after acquiring an additional 2,373 shares during the last quarter. Wealth Effects LLC boosted its position in General Mills by 21.7% in the 4th quarter. Wealth Effects LLC now owns 28,199 shares of the company’s stock valued at $1,837,000 after buying an additional 5,030 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in General Mills by 4.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 26,649 shares of the company’s stock valued at $1,736,000 after buying an additional 1,103 shares during the last quarter. Sapient Capital LLC bought a new position in General Mills in the 4th quarter valued at $339,000. Finally, Janiczek Wealth Management LLC boosted its position in General Mills by 74.2% in the 4th quarter. Janiczek Wealth Management LLC now owns 3,891 shares of the company’s stock valued at $253,000 after buying an additional 1,657 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Performance

Shares of General Mills stock opened at $71.17 on Tuesday. The company has a market capitalization of $40.42 billion, a PE ratio of 16.32, a PEG ratio of 2.43 and a beta of 0.15. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The stock’s fifty day simple moving average is $67.01 and its 200 day simple moving average is $65.39.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, research analysts predict that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio is 54.13%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD Cowen increased their price objective on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Morgan Stanley increased their price objective on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. raised their price target on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Wells Fargo & Company raised their price target on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Finally, Citigroup began coverage on General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, General Mills has a consensus rating of “Hold” and a consensus target price of $72.18.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $64.15, for a total value of $492,094.65. Following the sale, the insider now owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $64.15, for a total value of $492,094.65. Following the sale, the insider now owns 102,924 shares of the company’s stock, valued at $6,602,574.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the sale, the chief executive officer now directly owns 318,483 shares in the company, valued at approximately $20,523,044.52. The disclosure for this sale can be found here. Insiders have sold 77,782 shares of company stock valued at $5,057,820 in the last 90 days. 0.24% of the stock is currently owned by company 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.