General Mills, Inc. (NYSE:GIS) Shares Purchased by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,332 shares of the company’s stock after purchasing an additional 206 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in General Mills were worth $659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Czech National Bank boosted its holdings in General Mills by 5.4% in the 3rd quarter. Czech National Bank now owns 113,389 shares of the company’s stock worth $8,374,000 after acquiring an additional 5,808 shares during the period. Mather Group LLC. grew its holdings in General Mills by 65.2% during the 3rd quarter. Mather Group LLC. now owns 4,750 shares of the company’s stock valued at $351,000 after purchasing an additional 1,875 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in General Mills by 18.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 5,898 shares of the company’s stock valued at $436,000 after purchasing an additional 931 shares in the last quarter. Brookstone Capital Management increased its stake in General Mills by 13.6% during the 3rd quarter. Brookstone Capital Management now owns 15,234 shares of the company’s stock worth $1,125,000 after buying an additional 1,821 shares during the period. Finally, Wedmont Private Capital lifted its holdings in General Mills by 4.1% in the 3rd quarter. Wedmont Private Capital now owns 13,174 shares of the company’s stock worth $958,000 after buying an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of NYSE GIS opened at $59.13 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm has a market capitalization of $32.60 billion, a PE ratio of 12.86, a P/E/G ratio of 3.88 and a beta of 0.10. General Mills, Inc. has a 1-year low of $57.94 and a 1-year high of $75.90. The business’s fifty day moving average price is $62.60 and its two-hundred day moving average price is $67.21.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping 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 business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company earned $1.25 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts expect that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The firm 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. 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 currently 52.17%.

Insider Buying and Selling at General Mills

In related news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

GIS has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised their price target on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. TD Cowen cut their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Finally, Barclays decreased their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and a consensus price target of $70.94.

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.