General Mills, Inc. (NYSE:GIS) Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,654 shares of the company’s stock after purchasing an additional 1,072 shares during the period. Dynamic Advisor Solutions LLC’s holdings in General Mills were worth $4,569,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its position in shares of General Mills by 6.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 42,121 shares of the company’s stock worth $2,664,000 after acquiring an additional 2,528 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in General Mills by 70.3% during the second quarter. Public Sector Pension Investment Board now owns 21,535 shares of the company’s stock worth $1,362,000 after purchasing an additional 8,887 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of General Mills by 59.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 108,126 shares of the company’s stock worth $6,840,000 after buying an additional 40,324 shares during the last quarter. AXA S.A. boosted its holdings in shares of General Mills by 3.7% in the 2nd quarter. AXA S.A. now owns 340,430 shares of the company’s stock valued at $21,536,000 after buying an additional 12,128 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of General Mills by 6.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,157,232 shares of the company’s stock valued at $73,206,000 after buying an additional 69,902 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 1.4 %

Shares of NYSE GIS opened at $60.37 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $63.31 and a 200 day moving average price of $67.38. General Mills, Inc. has a 52 week low of $57.94 and a 52 week high of $75.90. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 3.70 and a beta of 0.11.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts anticipate that General Mills, Inc. will post 4.42 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GIS shares. Citigroup reduced their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. TD Cowen reduced their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their price target on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Stifel Nicolaus reduced their price objective on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $70.94.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s 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 completion of the transaction, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

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.