Foundations Investment Advisors LLC Has $1.22 Million Position in General Mills, Inc. (NYSE:GIS)

Foundations Investment Advisors LLC boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 26.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,077 shares of the company’s stock after buying an additional 3,956 shares during the period. Foundations Investment Advisors LLC’s holdings in General Mills were worth $1,217,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its stake in General Mills by 6.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 42,121 shares of the company’s stock valued at $2,664,000 after purchasing an additional 2,528 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of General Mills by 70.3% in the second quarter. Public Sector Pension Investment Board now owns 21,535 shares of the company’s stock valued at $1,362,000 after purchasing an additional 8,887 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of General Mills by 17.5% during the second quarter. NewEdge Advisors LLC now owns 39,207 shares of the company’s stock valued at $2,480,000 after buying an additional 5,849 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in General Mills by 0.8% during the second quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock worth $1,368,000 after buying an additional 172 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its position in General Mills by 2.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 6,789 shares of the company’s stock valued at $428,000 after buying an additional 174 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Trading Down 2.9 %

Shares of General Mills stock opened at $59.84 on Wednesday. The stock’s 50-day simple moving average is $63.29 and its 200 day simple moving average is $67.44. General Mills, Inc. has a 52-week low of $57.94 and a 52-week high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The stock has a market capitalization of $32.99 billion, a P/E ratio of 13.01, a P/E/G ratio of 3.70 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 company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that General Mills, Inc. will post 4.42 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.01%. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills 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 completion of the sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maria Sastre sold 1,000 shares of the company’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 transaction, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GIS shares. Wells Fargo & Company cut their price objective on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. TD Cowen reduced their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their target price on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, Citigroup decreased their price target on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $70.94.

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.