Landscape Capital Management L.L.C. Boosts Stake in General Mills, Inc. (NYSE:GIS)

Landscape Capital Management L.L.C. raised its position in General Mills, Inc. (NYSE:GIS) by 144.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,269 shares of the company’s stock after purchasing an additional 17,283 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in General Mills were worth $1,866,000 as of its most recent SEC filing.

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

General Mills Trading Down 2.2 %

Shares of GIS opened at $59.64 on Friday. 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. The stock has a 50-day moving average price of $59.97 and a 200 day moving average price of $64.26. The company has a market capitalization of $32.87 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.94 and a beta of 0.06.

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

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued 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 dividend payout ratio is currently 52.75%.

Analysts Set New Price Targets

GIS has been the subject of a number of research reports. TD Cowen dropped their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Bank of America reduced their price target on General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Barclays lowered their price objective on General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Finally, Piper Sandler dropped their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.69.

Insider Buying and Selling at General Mills

In other General Mills 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 completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by insiders.

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.