Baader Bank Aktiengesellschaft Acquires 4,732 Shares of General Mills, Inc. (NYSE:GIS)

Baader Bank Aktiengesellschaft increased its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,208 shares of the company's stock after buying an additional 4,732 shares during the period. Baader Bank Aktiengesellschaft's holdings in General Mills were worth $1,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new position in General Mills during the 4th quarter worth about $26,000. Values First Advisors Inc. acquired a new position in General Mills during the 3rd quarter worth about $27,000. Planning Capital Management Corp lifted its position in 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 buying an additional 193 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in General Mills during the 3rd quarter worth about $44,000. Finally, Rise Advisors LLC lifted its position in General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company's stock valued at $45,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 75.71% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on GIS. Stifel Nicolaus cut their target price on shares of General Mills from $78.00 to $72.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Barclays cut their target price on shares of 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. Wells Fargo & Company cut 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. Royal Bank of Canada restated a "sector perform" rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Finally, TD Cowen cut their target price on shares of General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. One research 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $70.94.

Insider Activity

In related news, Director Maria Sastre sold 1,000 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction 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. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Up 1.4 %

GIS traded up $0.87 during trading on Thursday, reaching $60.77. The company had a trading volume of 1,473,089 shares, compared to its average volume of 4,257,415. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a 12 month low of $57.94 and a 12 month high of $75.90. The business's fifty day moving average price is $63.15 and its 200 day moving average price is $67.36. The company has a market cap of $33.50 billion, a P/E ratio of 13.21, a PEG ratio of 3.70 and a beta of 0.11.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $5.14 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The business's revenue was up 2.7% on a year-over-year basis. Equities analysts anticipate that General Mills, Inc. will post 4.42 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.95%. General Mills's dividend payout ratio (DPR) is presently 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.