Columbus Macro LLC Has $1.64 Million Holdings in General Mills, Inc. (NYSE:GIS)

Columbus Macro LLC grew its position in General Mills, Inc. (NYSE:GIS) by 57.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,708 shares of the company’s stock after buying an additional 9,367 shares during the quarter. Columbus Macro LLC’s holdings in General Mills were worth $1,639,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Czech National Bank lifted its stake in General Mills by 5.4% in the 3rd quarter. Czech National Bank now owns 113,389 shares of the company’s stock worth $8,374,000 after acquiring an additional 5,808 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of General Mills by 12.5% in the third quarter. GAMMA Investing LLC now owns 12,417 shares of the company’s stock worth $917,000 after purchasing an additional 1,383 shares in the last quarter. SignalPoint Asset Management LLC acquired a new stake in shares of General Mills during the third quarter worth approximately $225,000. City Center Advisors LLC purchased a new position in General Mills during the third quarter valued at approximately $353,000. Finally, Mather Group LLC. increased its stake in General Mills by 65.2% in the 3rd quarter. Mather Group LLC. now owns 4,750 shares of the company’s stock valued at $351,000 after buying an additional 1,875 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GIS has been the topic of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft dropped their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price target on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Stifel Nicolaus lowered their price target on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Barclays reduced their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, General Mills presently has a consensus rating of “Hold” and an average target price of $70.94.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction that occurred on 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 approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maria Sastre sold 1,000 shares of the company’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 transaction, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

General Mills Trading Down 1.5 %

General Mills stock opened at $58.98 on Wednesday. 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 firm has a market capitalization of $32.51 billion, a PE ratio of 12.82, a PEG ratio of 3.88 and a beta of 0.10. The business’s 50-day simple moving average is $62.87 and its 200-day simple moving average is $67.30.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $5.14 billion. During the same period in the previous year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

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.