3,245 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Nwam LLC

Nwam LLC bought a new position in shares of General Mills, Inc. (NYSE:GIS) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 3,245 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Values First Advisors Inc. bought a new stake in General Mills in the 3rd quarter valued at $27,000. First Foundation Advisors raised its stake in shares of General Mills by 400.0% in the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the period. Planning Capital Management Corp lifted its holdings in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares in the last quarter. TruNorth Capital Management LLC acquired a new position in shares of General Mills during the second quarter worth about $38,000. Finally, Beacon Capital Management LLC grew its holdings in shares of General Mills by 47.5% during the first quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock worth $39,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 0.8 %

Shares of General Mills stock opened at $65.53 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The business has a fifty day simple moving average of $69.46 and a two-hundred day simple moving average of $68.59. General Mills, Inc. has a 1 year low of $61.47 and a 1 year high of $75.90. The company has a market capitalization of $36.38 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 3.38 and a beta of 0.11.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter last year, the company posted $1.09 EPS. General Mills’s quarterly revenue was down 1.2% compared to the same quarter last year. Research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio is 57.14%.

Wall Street Analyst Weigh In

GIS has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Citigroup increased their target price on shares of General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. TD Cowen raised their target price on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Barclays boosted their price target on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Finally, Bank of America raised their price objective on General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $72.67.

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. The trade was a 11.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,555 shares of company stock worth $4,721,336. Company insiders own 0.26% of the company’s stock.

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.