Endeavor Private Wealth Inc. Makes New $26,000 Investment in General Mills, Inc. (NYSE:GIS)

Endeavor Private Wealth Inc. purchased a new stake in General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 400 shares of the company’s stock, valued at approximately $26,000.

A number of other large investors also recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in General Mills by 22.1% in the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after purchasing an additional 43,086 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after buying an additional 2,926,232 shares during the period. J2 Capital Management Inc acquired a new position in shares of General Mills during the 4th quarter valued at about $547,000. Crossmark Global Holdings Inc. lifted its holdings in shares of General Mills by 129.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock worth $13,649,000 after acquiring an additional 104,436 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after acquiring an additional 3,058,414 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In related 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 value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

General Mills Trading Down 1.2 %

NYSE GIS opened at $59.35 on Thursday. The company’s fifty day simple moving average is $63.47 and its 200-day simple moving average is $67.45. The stock has a market cap of $32.72 billion, a P/E ratio of 12.90, a PEG ratio of 3.75 and a beta of 0.11. General Mills, Inc. has a 52 week low of $57.94 and a 52 week high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

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

General Mills Dividend Announcement

The business also recently declared 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio is currently 52.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Citigroup lowered their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Wells Fargo & Company lowered their price objective on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and increased their target price for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft lowered their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Finally, 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 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.31.

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.