9,163 Shares in General Mills, Inc. (NYSE:GIS) Acquired by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. acquired a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 9,163 shares of the company's stock, valued at approximately $584,000.

A number of other hedge funds have also recently made changes to their positions in GIS. Endeavor Private Wealth Inc. purchased a new stake in shares of General Mills during the 4th quarter worth $26,000. Values First Advisors Inc. purchased a new stake in shares of General Mills during the 3rd quarter worth $27,000. Planning Capital Management Corp lifted its stake 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 purchasing an additional 193 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in General Mills during the 4th quarter valued at about $38,000. Finally, Catalyst Capital Advisors LLC acquired a new position in General Mills during the 3rd quarter valued at about $44,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup reduced their target price on General Mills from $71.00 to $67.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Barclays reduced their target price on General Mills from $74.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. TD Cowen reduced their target price on General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Mizuho reduced their target price on General Mills from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $69.88.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the 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 transaction, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Performance

General Mills stock traded up $1.16 during midday trading on Thursday, hitting $59.15. 2,953,063 shares of the company were exchanged, compared to its average volume of 4,652,125. The firm has a market capitalization of $32.61 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 3.71 and a beta of 0.10. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90. The business has a fifty day simple moving average of $61.15 and a two-hundred day simple moving average of $66.66. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.22 by $0.18. The firm 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%. General Mills's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. On average, sell-side analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given 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 yield of 4.06%. General Mills's dividend payout ratio is currently 52.17%.

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.