Brookstone Capital Management Buys 4,716 Shares of General Mills, Inc. (NYSE:GIS)

Brookstone Capital Management raised its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 31.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,950 shares of the company's stock after purchasing an additional 4,716 shares during the period. Brookstone Capital Management's holdings in General Mills were worth $1,272,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GIS. Values First Advisors Inc. bought a new stake in shares of General Mills in the 3rd quarter worth approximately $27,000. Planning Capital Management Corp raised its position in General Mills by 61.5% in 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 period. Catalyst Capital Advisors LLC bought a new stake in General Mills in the third quarter worth $44,000. Rise Advisors LLC boosted its position in General Mills by 46.7% during the third quarter. Rise Advisors LLC now owns 606 shares of the company's stock valued at $45,000 after buying an additional 193 shares during the period. Finally, Fairscale Capital LLC bought a new position in shares of General Mills during the second quarter valued at about $42,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the company's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value 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 filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 1,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now owns 23,013 shares of the company's stock, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,541 shares of company stock valued at $3,321,170. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GIS shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. Citigroup lowered their price objective 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. Stifel Nicolaus cut their target price on shares of General Mills from $82.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lowered 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. Finally, Piper Sandler raised their price target on shares of General Mills from $74.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, September 19th. 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $71.31.

General Mills Stock Up 1.5 %

General Mills stock traded up $0.90 on Thursday, hitting $59.21. 3,794,798 shares of the stock traded hands, compared to its average volume of 4,729,550. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90. The firm has a market cap of $32.64 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 3.65 and a beta of 0.11. 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 business's fifty day simple moving average is $63.99 and its 200 day simple moving average is $67.58.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping 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 business 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. General Mills's quarterly revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Friday, January 10th. General Mills's dividend payout ratio (DPR) is presently 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.