Leo Wealth LLC Buys 19,846 Shares of General Mills, Inc. (NYSE:GIS)

Leo Wealth LLC increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 208.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,360 shares of the company’s stock after purchasing an additional 19,846 shares during the quarter. Leo Wealth LLC’s holdings in General Mills were worth $1,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GIS. Mesirow Financial Investment Management Inc. increased its holdings in shares of General Mills by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after buying an additional 148 shares in the last quarter. Ballentine Partners LLC increased its holdings in General Mills by 1.1% in the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock worth $1,097,000 after purchasing an additional 165 shares in the last quarter. RFG Advisory LLC increased its holdings in General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock worth $425,000 after purchasing an additional 172 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in General Mills by 1.7% in the third quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock valued at $783,000 after purchasing an additional 173 shares during the last quarter. Finally, Rise Advisors LLC boosted its stake in shares of General Mills by 46.7% during the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after purchasing an additional 193 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the subject of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. TD Cowen decreased their price target 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 lifted their price target for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Finally, Stifel Nicolaus lowered their target price on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus target price of $70.94.

General Mills Price Performance

Shares of GIS opened at $59.13 on Friday. The firm has a market cap of $32.60 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 3.88 and a beta of 0.10. 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 business’s 50 day moving average price is $62.60 and its two-hundred day moving average price is $67.21.

General Mills (NYSE:GIS) last released its earnings results 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. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. On average, equities analysts anticipate that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.06%. General Mills’s dividend payout ratio is presently 52.17%.

Insider Activity at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $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. 0.26% of the stock is currently owned by corporate 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.