Signaturefd LLC Has $1.70 Million Position in General Mills, Inc. (NYSE:GIS)

Signaturefd LLC decreased its position in shares of General Mills, Inc. (NYSE:GIS) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,709 shares of the company’s stock after selling 1,822 shares during the quarter. Signaturefd LLC’s holdings in General Mills were worth $1,703,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GIS. RFG Advisory LLC lifted its stake 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 acquiring an additional 172 shares during the period. TCW Group Inc. lifted its position in General Mills by 0.8% during the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock valued at $1,471,000 after purchasing an additional 194 shares during the period. Quadrant Private Wealth Management LLC boosted its stake in shares of General Mills by 3.7% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock valued at $356,000 after purchasing an additional 197 shares during the last quarter. Howard Capital Management Inc. grew its position in shares of General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock worth $250,000 after buying an additional 198 shares during the period. Finally, LRI Investments LLC raised its stake in shares of General Mills by 5.9% during the third quarter. LRI Investments LLC now owns 3,593 shares of the company’s stock worth $265,000 after buying an additional 200 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Up 2.4 %

NYSE:GIS opened at $61.01 on Tuesday. The stock has a 50-day simple moving average of $60.09 and a 200 day simple moving average of $65.55. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. The company has a market cap of $33.63 billion, a PE ratio of 13.26, a PEG ratio of 1.94 and a beta of 0.06. 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 (NYSE:GIS) last issued its quarterly earnings results 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. The company had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.25 EPS. On average, sell-side analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 3.93%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GIS. Barclays reduced their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research report on Monday. Jefferies Financial Group upped their price objective on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. TD Cowen reduced their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Finally, Bank of America lowered their price target on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $67.71.

Insider Transactions at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

General Mills 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.