Caprock Group LLC Has $2.14 Million Holdings in General Mills, Inc. (NYSE:GIS)

Caprock Group LLC increased its position in General Mills, Inc. (NYSE:GIS) by 7.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 29,000 shares of the company’s stock after purchasing an additional 1,964 shares during the period. Caprock Group LLC’s holdings in General Mills were worth $2,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors boosted its position in shares of General Mills by 41.8% in the second quarter. Arkadios Wealth Advisors now owns 36,503 shares of the company’s stock worth $2,309,000 after buying an additional 10,765 shares during the period. Janney Montgomery Scott LLC grew its stake in General Mills by 22.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after acquiring an additional 43,086 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of General Mills by 92.5% in the 1st quarter. iA Global Asset Management Inc. now owns 48,721 shares of the company’s stock valued at $3,409,000 after purchasing an additional 23,411 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of General Mills by 129.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock valued at $13,649,000 after purchasing an additional 104,436 shares during the period. Finally, DNB Asset Management AS lifted its position in shares of General Mills by 10.5% in the second quarter. DNB Asset Management AS now owns 119,106 shares of the company’s stock worth $7,535,000 after purchasing an additional 11,334 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GIS shares. JPMorgan Chase & Co. upped their price objective on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Bank of America upped their price target on shares of General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. The Goldman Sachs Group initiated coverage on General Mills in a research report on Monday, August 12th. They set a “buy” rating and a $76.00 price objective for the company. Stifel Nicolaus upped their target price on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Barclays lifted their price target on General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, General Mills has an average rating of “Hold” and a consensus target price of $72.67.

Insider Transactions at General Mills

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at approximately $2,700,411.92. This represents a 6.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the sale, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,555 shares of company stock valued at $4,721,336. 0.26% of the stock is owned by corporate insiders.

General Mills Trading Down 0.2 %

Shares of GIS stock opened at $62.78 on Wednesday. The firm has a market capitalization of $34.85 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 3.25 and a beta of 0.11. General Mills, Inc. has a 1 year low of $61.47 and a 1 year high of $75.90. The firm’s fifty day simple moving average is $70.18 and its 200 day simple moving average is $68.73. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.82%. General Mills’s dividend payout ratio is currently 57.14%.

About General Mills

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.