5,908 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Maridea Wealth Management LLC

Maridea Wealth Management LLC acquired a new stake in General Mills, Inc. (NYSE:GIS) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,908 shares of the company’s stock, valued at approximately $377,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new position in General Mills in the fourth quarter valued at $26,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Mills during the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills in the 4th quarter valued at about $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of General Mills during the 4th quarter worth about $32,000. Finally, Bank of Jackson Hole Trust purchased a new stake in General Mills during the fourth quarter worth approximately $34,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays cut their price objective on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley started coverage on shares of General Mills in a research report on Monday, March 24th. They issued an “underweight” rating and a $53.00 price target for the company. TD Cowen dropped 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. Mizuho cut their target price on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Finally, Bank of America decreased their target price on General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. 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, the stock presently has a consensus rating of “Hold” and an average price target of $65.69.

Insider Buying and Selling at General Mills

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

General Mills Stock Down 1.0 %

GIS stock opened at $59.09 on Friday. The stock has a market capitalization of $32.57 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The company has a fifty day moving average of $59.97 and a 200-day moving average of $64.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 earnings per share. As a group, analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed 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. This represents a $2.40 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is 52.75%.

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.