8,577 Shares in General Mills, Inc. (NYSE:GIS) Acquired by J2 Capital Management Inc

J2 Capital Management Inc acquired a new stake in General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,577 shares of the company’s stock, valued at approximately $547,000.

Several other large investors have also recently added to or reduced their stakes in GIS. Envestnet Asset Management Inc. increased its stake in shares of General Mills by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 589,423 shares of the company’s stock worth $37,287,000 after acquiring an additional 35,680 shares during the last quarter. Blair William & Co. IL grew its stake in shares of General Mills by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 131,257 shares of the company’s stock valued at $8,303,000 after buying an additional 632 shares in the last quarter. Ieq Capital LLC raised its position in General Mills by 12.8% during the second quarter. Ieq Capital LLC now owns 28,687 shares of the company’s stock valued at $1,815,000 after acquiring an additional 3,257 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in General Mills by 2.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 56,101 shares of the company’s stock valued at $3,549,000 after acquiring an additional 1,258 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its position in General Mills by 31.1% in the second quarter. Bridges Investment Management Inc. now owns 9,493 shares of the company’s stock worth $601,000 after acquiring an additional 2,252 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 GIS opened at $59.64 on Friday. The stock’s 50-day moving average price is $63.76 and its 200 day moving average price is $67.49. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 12-month low of $57.94 and a 12-month high of $75.90. The firm has a market capitalization of $32.88 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 3.65 and a beta of 0.11.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the business posted $1.25 earnings per share. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts predict that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Announces Dividend

The firm 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 dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.02%. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Barclays reduced their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft decreased their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. TD Cowen cut their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Finally, Bank of America raised General Mills from a “neutral” rating to a “buy” rating and upped their target price for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.31.

Insider Activity at General Mills

In other news, 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,541 shares of company stock valued at $3,321,170 over the last quarter. 0.26% of the stock is 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 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.