Capital Advisors Inc. OK Buys 12,434 Shares of General Mills, Inc. (NYSE:GIS)

Capital Advisors Inc. OK lifted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 439,266 shares of the company’s stock after purchasing an additional 12,434 shares during the quarter. Capital Advisors Inc. OK’s holdings in General Mills were worth $28,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new position in shares of General Mills during the 4th quarter worth about $26,000. Values First Advisors Inc. bought a new position in shares of General Mills during the 3rd quarter worth about $27,000. Planning Capital Management Corp lifted its holdings in shares of General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after acquiring an additional 193 shares during the period. Heck Capital Advisors LLC bought a new position in shares of General Mills during the 4th quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of General Mills during the 3rd quarter worth about $44,000. 75.71% of the stock is owned by institutional investors.

Insider Buying and Selling at General Mills

In related news, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

General Mills Price Performance

Shares of GIS opened at $59.37 on Wednesday. The company has a market cap of $32.72 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a 1-year low of $57.85 and a 1-year high of $75.90. The company’s fifty day simple moving average is $62.13 and its 200 day simple moving average is $67.09. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last released its quarterly earnings data 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 firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts forecast that General Mills, Inc. will post 4.4 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 Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.04%. General Mills’s dividend payout ratio is currently 52.17%.

Analyst Ratings Changes

GIS has been the subject of a number of analyst reports. TD Cowen reduced 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 raised shares of General Mills from a “neutral” rating to a “buy” rating and lifted their price target for the company from $78.00 to $80.00 in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Thursday, December 19th. Finally, Stifel Nicolaus cut their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, General Mills currently has a consensus rating of “Hold” and a consensus price target of $71.13.

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.