General Mills, Inc. (NYSE:GIS) Shares Purchased by Byrne Asset Management LLC

Byrne Asset Management LLC grew its position in shares of General Mills, Inc. (NYSE:GIS) by 20.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,200 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Byrne Asset Management LLC’s holdings in General Mills were worth $77,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Czech National Bank raised its holdings in shares of General Mills by 5.4% during the third quarter. Czech National Bank now owns 113,389 shares of the company’s stock valued at $8,374,000 after buying an additional 5,808 shares during the last quarter. Mather Group LLC. raised its stake in General Mills by 65.2% during the 3rd quarter. Mather Group LLC. now owns 4,750 shares of the company’s stock valued at $351,000 after acquiring an additional 1,875 shares in the last quarter. Atomi Financial Group Inc. boosted its position in General Mills by 18.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 5,898 shares of the company’s stock worth $436,000 after acquiring an additional 931 shares during the period. Brookstone Capital Management grew its stake in shares of General Mills by 13.6% in the third quarter. Brookstone Capital Management now owns 15,234 shares of the company’s stock worth $1,125,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of General Mills by 4.1% during the third quarter. Wedmont Private Capital now owns 13,174 shares of the company’s stock valued at $958,000 after purchasing an additional 518 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now directly owns 23,013 shares in the company, valued at approximately $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 through this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GIS shares. Wells Fargo & Company decreased their target price on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup cut their target price on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. Finally, TD Cowen decreased their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.94.

General Mills Trading Down 0.6 %

NYSE GIS opened at $58.86 on Friday. 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, Inc. has a 1-year low of $57.94 and a 1-year high of $75.90. The firm’s fifty day simple moving average is $62.46 and its 200-day simple moving average is $67.16. The company has a market capitalization of $32.45 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 3.88 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion for 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%. The business’s 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. As a group, sell-side analysts anticipate that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. General Mills’s dividend payout ratio is currently 52.17%.

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.