19,530 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new position in General Mills, Inc. (NYSE:GIS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,530 shares of the company’s stock, valued at approximately $1,442,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Coldstream Capital Management Inc. increased its holdings in General Mills by 10.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,489 shares of the company’s stock worth $906,000 after buying an additional 1,135 shares during the period. Brophy Wealth Management LLC acquired a new position in General Mills in the 3rd quarter worth approximately $442,000. Vestcor Inc increased its holdings in General Mills by 0.8% in the 3rd quarter. Vestcor Inc now owns 171,093 shares of the company’s stock worth $12,635,000 after buying an additional 1,293 shares during the period. Barclays PLC increased its holdings in General Mills by 1.2% in the 3rd quarter. Barclays PLC now owns 1,634,280 shares of the company’s stock worth $120,691,000 after buying an additional 19,290 shares during the period. Finally, LRI Investments LLC increased its holdings in General Mills by 5.9% in the 3rd quarter. LRI Investments LLC now owns 3,593 shares of the company’s stock worth $265,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 0.4 %

Shares of GIS opened at $66.15 on Wednesday. General Mills, Inc. has a 52-week low of $61.47 and a 52-week high of $75.90. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The firm’s fifty day moving average is $67.80 and its two-hundred day moving average is $68.26. The stock has a market cap of $36.72 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 3.39 and a beta of 0.10.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Research analysts forecast that General Mills, Inc. will post 4.5 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 3.63%. General Mills’s dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays raised their price objective on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Citigroup lifted their target price on shares of General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, September 16th. TD Cowen lifted their target price on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a report on Friday, September 20th. Bank of America lifted their target price on shares of General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Wells Fargo & Company cut their target price on shares of General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Mills presently has an average rating of “Hold” and an average target price of $72.67.

Insiders Place Their Bets

In other news, insider Jonathon Nudi sold 9,647 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the transaction, the insider now owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. The trade was a 6.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pankaj Mn Sharma sold 2,325 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the transaction, the insider now directly owns 36,184 shares in the company, valued at approximately $2,700,411.92. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,555 shares of company stock valued at $4,721,336 in the last 90 days. 0.26% of the stock is owned by insiders.

About General Mills

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.