General Mills, Inc. (NYSE:GIS) Shares Purchased by Caprock Group LLC

Caprock Group LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,682 shares of the company’s stock after acquiring an additional 4,682 shares during the quarter. Caprock Group LLC’s holdings in General Mills were worth $2,148,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Mediolanum International Funds Ltd raised its stake in General Mills by 31.3% during the fourth quarter. Mediolanum International Funds Ltd now owns 12,348 shares of the company’s stock worth $781,000 after purchasing an additional 2,940 shares during the period. Crews Bank & Trust purchased a new position in shares of General Mills in the 4th quarter worth $177,000. Baader Bank Aktiengesellschaft boosted its holdings in General Mills by 25.6% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 23,208 shares of the company’s stock valued at $1,480,000 after acquiring an additional 4,732 shares during the last quarter. Foster & Motley Inc. boosted its holdings in General Mills by 27.1% in the fourth quarter. Foster & Motley Inc. now owns 32,633 shares of the company’s stock valued at $2,081,000 after acquiring an additional 6,948 shares during the last quarter. Finally, Forsta AP Fonden grew its position in General Mills by 21.7% during the fourth quarter. Forsta AP Fonden now owns 186,800 shares of the company’s stock valued at $11,912,000 after acquiring an additional 33,300 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Stock Performance

Shares of GIS opened at $60.11 on Friday. The stock has a market capitalization of $33.13 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 3.86 and a beta of 0.11. The business’s fifty day moving average price is $62.99 and its 200 day moving average price is $67.30. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a 12-month low of $57.94 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS 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 business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the business posted $1.25 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors 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 dividend on an annualized basis and a yield of 3.99%. General Mills’s dividend payout ratio is currently 52.17%.

Insider Activity at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now owns 23,013 shares of the company’s stock, 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. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GIS shares. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Friday, December 13th. TD Cowen decreased their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft cut 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 note on Wednesday, December 18th. Barclays lowered their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Finally, 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. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.94.

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.