General Mills, Inc. (NYSE:GIS) Shares Bought by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC increased its holdings in General Mills, Inc. (NYSE:GIS) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,908 shares of the company’s stock after buying an additional 388 shares during the quarter. Fiduciary Financial Group LLC’s holdings in General Mills were worth $287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. West Oak Capital LLC increased its holdings in General Mills by 1.7% in the 4th quarter. West Oak Capital LLC now owns 29,885 shares of the company’s stock worth $1,906,000 after buying an additional 490 shares during the period. Exeter Financial LLC grew its stake in shares of General Mills by 5.5% during the 4th quarter. Exeter Financial LLC now owns 33,082 shares of the company’s stock worth $2,110,000 after purchasing an additional 1,716 shares during the period. PSI Advisors LLC grew its stake in shares of General Mills by 38.1% during the 4th quarter. PSI Advisors LLC now owns 1,429 shares of the company’s stock worth $91,000 after purchasing an additional 394 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of General Mills during the 4th quarter worth approximately $668,000. Finally, Bar Harbor Wealth Management grew its stake in shares of General Mills by 4.1% during the 4th quarter. Bar Harbor Wealth Management now owns 17,789 shares of the company’s stock worth $1,134,000 after purchasing an additional 693 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GIS shares. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $78.00 to $80.00 in a research note on Friday, December 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Stifel Nicolaus decreased their target price on General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Barclays decreased their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, TD Cowen decreased their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, General Mills presently has an average rating of “Hold” and a consensus price target of $71.31.

Insider Buying and Selling at General Mills

In related news, Director Maria Sastre sold 1,000 shares of the business’s 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 completion of the sale, the director now owns 23,013 shares in the company, valued at $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at approximately $24,379,054.08. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,541 shares of company stock valued at $3,321,170 in the last three months. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Down 0.8 %

Shares of NYSE:GIS opened at $58.32 on Thursday. The business has a 50-day moving average price of $64.15 and a 200 day moving average price of $67.64. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $32.15 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 3.47 and a beta of 0.11. General Mills, Inc. has a 12-month low of $58.20 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. General Mills’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. Sell-side analysts expect that General Mills, Inc. will post 4.5 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. Shareholders of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio is currently 52.17%.

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.