General Mills, Inc. (NYSE:GIS) Shares Acquired by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB boosted its holdings in General Mills, Inc. (NYSE:GIS) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,921 shares of the company’s stock after purchasing an additional 252 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in General Mills were worth $186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Values First Advisors Inc. acquired a new position in shares of General Mills during the 3rd quarter valued at about $27,000. Planning Capital Management Corp increased its position in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in General Mills during the third quarter worth approximately $44,000. Rise Advisors LLC boosted its holdings in shares of General Mills by 46.7% in the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after purchasing an additional 193 shares during the last quarter. Finally, Steph & Co. purchased a new stake in shares of General Mills during the 4th quarter valued at $47,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Price Performance

Shares of NYSE GIS opened at $59.35 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a fifty-two week low of $57.94 and a fifty-two week high of $75.90. The business has a 50 day moving average price of $63.59 and a two-hundred day moving average price of $67.51. The firm has a market cap of $32.72 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 3.72 and a beta of 0.11.

General Mills (NYSE:GIS) last released its quarterly earnings results 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. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. Sell-side analysts expect that General Mills, Inc. will post 4.42 earnings per share 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. Stockholders of record on Friday, January 10th will be paid a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.04%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Insider Transactions at General Mills

In other General Mills news, Director Maria Sastre sold 1,000 shares of the 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 transaction, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 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. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

GIS has been the topic of several research reports. Wells Fargo & Company cut 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. Citigroup reduced their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Barclays dropped their target price on shares of 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. TD Cowen reduced their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Finally, Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.31.

About General Mills

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.