Oak Thistle LLC Takes Position in General Mills, Inc. (NYSE:GIS)

Oak Thistle LLC acquired a new position in General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,366 shares of the company’s stock, valued at approximately $470,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Values First Advisors Inc. acquired a new position in shares of General Mills in the 3rd quarter worth approximately $27,000. Planning Capital Management Corp raised its stake 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 buying an additional 193 shares during the last quarter. Fairscale Capital LLC acquired a new position in General Mills in the second quarter valued at $42,000. Catalyst Capital Advisors LLC acquired a new stake in General Mills during the 3rd quarter worth about $44,000. Finally, Rise Advisors LLC raised its position in shares of General Mills by 46.7% in the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after acquiring an additional 193 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Activity

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was 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 owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey L. Harmening sold 46,500 shares of General Mills stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the sale, the chief executive officer now directly owns 355,328 shares in the company, valued at $24,379,054.08. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,541 shares of company stock valued at $3,321,170 in the last 90 days. Insiders own 0.26% of the company’s stock.

General Mills Stock Performance

Shares of General Mills stock opened at $59.21 on Friday. General Mills, Inc. has a 52 week low of $57.94 and a 52 week high of $75.90. 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 business has a 50 day moving average price of $63.99 and a 200-day moving average price of $67.58. The company has a market cap of $32.64 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 3.65 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 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 EPS. Equities analysts anticipate that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio is 52.17%.

Analyst Ratings Changes

GIS has been the topic of several research analyst reports. Stifel Nicolaus cut their target price on General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. TD Cowen cut their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Citigroup lowered their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company dropped their target price on shares of 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $71.31.

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.