KG&L Capital Management LLC Increases Stock Position in General Mills, Inc. (NYSE:GIS)

KG&L Capital Management LLC raised its position in General Mills, Inc. (NYSE:GIS) by 374.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,889 shares of the company’s stock after acquiring an additional 18,069 shares during the quarter. KG&L Capital Management LLC’s holdings in General Mills were worth $1,461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mesirow Financial Investment Management Inc. increased its position in General Mills by 1.1% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock valued at $999,000 after purchasing an additional 148 shares during the period. Ballentine Partners LLC increased its position in shares of General Mills by 1.1% during the third quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock valued at $1,097,000 after buying an additional 165 shares during the period. RFG Advisory LLC increased its position in shares of General Mills by 2.6% during the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after buying an additional 172 shares during the period. Stratos Wealth Advisors LLC raised its stake in General Mills by 1.7% in the third quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock worth $783,000 after buying an additional 173 shares in the last quarter. Finally, Thrive Wealth Management LLC boosted its position in General Mills by 2.8% during the 3rd quarter. Thrive Wealth Management LLC now owns 6,528 shares of the company’s stock valued at $482,000 after acquiring an additional 177 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Trading Down 0.9 %

Shares of NYSE:GIS opened at $60.11 on Friday. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90. The stock’s fifty day moving average price is $62.99 and its 200-day moving average price is $67.30. The company has a market cap of $33.13 billion, a P/E ratio of 13.07, a PEG ratio of 3.86 and a beta of 0.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the firm posted $1.25 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts expect that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.99%. General Mills’s dividend payout ratio is presently 52.17%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. TD Cowen decreased 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 lowered their price objective 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. Citigroup reduced their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Stifel Nicolaus lowered their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.94.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. 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.