Atria Investments Inc Has $2.74 Million Position in General Mills, Inc. (NYSE:GIS)

Atria Investments Inc increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 6.7% during the fourth quarter, Holdings Channel reports. The fund owned 42,967 shares of the company’s stock after acquiring an additional 2,695 shares during the quarter. Atria Investments Inc’s holdings in General Mills were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new position in shares of General Mills during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills in the 4th quarter valued at $31,000. Planning Capital Management Corp grew its holdings in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after buying an additional 193 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in General Mills in the 4th quarter valued at $34,000. Finally, Heck Capital Advisors LLC acquired a new position in General Mills in the 4th quarter valued at $38,000. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Price Performance

Shares of GIS stock opened at $64.53 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The company has a market cap of $35.57 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.94 and a beta of 0.06. The business has a fifty day simple moving average of $60.33 and a 200 day simple moving average of $66.00.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share 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 business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the company earned $1.25 EPS. General Mills’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 3.72%. General Mills’s dividend payout ratio is presently 52.17%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price objective on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft cut their target price 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. TD Cowen cut their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Barclays cut their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, Bank of America cut their target price on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $69.06.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the 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 can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

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.