Ausdal Financial Partners Inc. Raises Holdings in General Mills, Inc. (NYSE:GIS)

Ausdal Financial Partners Inc. lifted its holdings in General Mills, Inc. (NYSE:GIS) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,186 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in General Mills were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GIS. Fisher Asset Management LLC boosted its holdings in shares of General Mills by 15.9% during the 3rd quarter. Fisher Asset Management LLC now owns 187,256 shares of the company’s stock valued at $13,829,000 after acquiring an additional 25,752 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in General Mills during the third quarter valued at approximately $355,000. Townsquare Capital LLC boosted its holdings in General Mills by 4.0% in the third quarter. Townsquare Capital LLC now owns 60,018 shares of the company’s stock worth $4,432,000 after purchasing an additional 2,290 shares during the last quarter. CreativeOne Wealth LLC grew its position in General Mills by 80.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 13,362 shares of the company’s stock worth $987,000 after purchasing an additional 5,955 shares during the period. Finally, Providence Capital Advisors LLC raised its stake in General Mills by 1.0% during the 3rd quarter. Providence Capital Advisors LLC now owns 38,641 shares of the company’s stock valued at $2,854,000 after buying an additional 377 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft cut their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Morgan Stanley assumed coverage on shares of General Mills in a research report on Monday. They set an “underweight” rating and a $53.00 price target for the company. Citigroup cut their target price on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, TD Cowen decreased their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have given 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 a consensus price target of $65.69.

General Mills Stock Performance

NYSE:GIS opened at $59.65 on Friday. The stock has a 50-day moving average price of $59.98 and a 200 day moving average price of $64.86. The stock has a market capitalization of $32.88 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 12-month low of $55.15 and a 12-month 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 posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the company posted $1.17 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

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 paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is currently 52.75%.

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.