Bogart Wealth LLC Purchases 201 Shares of General Mills, Inc. (NYSE:GIS)

Bogart Wealth LLC raised its position in General Mills, Inc. (NYSE:GIS) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,055 shares of the company’s stock after buying an additional 201 shares during the quarter. Bogart Wealth LLC’s holdings in General Mills were worth $259,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Values First Advisors Inc. bought a new stake in shares of General Mills in the third quarter valued at $27,000. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills in the fourth quarter valued at $26,000. Planning Capital Management Corp raised its stake in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after buying an additional 193 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of General Mills in the third quarter valued at $44,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Mills in the fourth quarter valued at $38,000. 75.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was 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 approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

General Mills Price Performance

GIS opened at $58.85 on Friday. The stock has a 50-day moving average price of $61.74 and a 200-day moving average price of $66.93. General Mills, Inc. has a 12-month low of $57.85 and a 12-month high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $32.44 billion, a P/E ratio of 12.79, a PEG ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the business earned $1.25 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts predict that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GIS shares. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and boosted their target price for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Wells Fargo & Company decreased their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. Barclays decreased their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and an average price target of $71.13.

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.