Mount Yale Investment Advisors LLC Invests $382,000 in General Mills, Inc. (NYSE:GIS)

Mount Yale Investment Advisors LLC bought a new stake in General Mills, Inc. (NYSE:GIS) during the fourth quarter, Holdings Channel reports. The firm bought 5,989 shares of the company’s stock, valued at approximately $382,000.

Several other institutional investors have also recently bought and sold shares of the company. Values First Advisors Inc. acquired a new stake in shares of General Mills in the third quarter valued at about $27,000. Endeavor Private Wealth Inc. acquired a new stake in General Mills in the 4th quarter valued at approximately $26,000. Planning Capital Management Corp increased its position in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after buying an additional 193 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of General Mills during the third quarter worth approximately $44,000. Finally, Rise Advisors LLC boosted its position in shares of General Mills by 46.7% in the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after acquiring an additional 193 shares during the period. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. TD Cowen cut 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 upgraded shares of General Mills from a “neutral” rating to a “buy” rating and increased their target price for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Thursday, December 19th. Finally, Citigroup reduced their price objective 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 investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.94.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

General Mills Stock Performance

NYSE GIS opened at $59.94 on Thursday. General Mills, Inc. has a 1-year low of $57.94 and a 1-year high of $75.90. The company has a 50 day moving average of $63.23 and a 200-day moving average of $67.42. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The firm has a market cap of $33.04 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 3.70 and a beta of 0.11.

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

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, April 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.