Callan Family Office LLC Makes New $427,000 Investment in General Mills, Inc. (NYSE:GIS)

Callan Family Office LLC bought a new position in General Mills, Inc. (NYSE:GIS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,697 shares of the company's stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GIS. Raymond James Financial Inc. purchased a new stake in General Mills in the 4th quarter valued at approximately $80,994,000. Vision Financial Markets LLC acquired a new stake in shares of General Mills in the 4th quarter valued at approximately $242,000. Proficio Capital Partners LLC purchased a new stake in shares of General Mills in the fourth quarter valued at approximately $11,178,000. SPC Financial Inc. grew its holdings in General Mills by 4.5% during the fourth quarter. SPC Financial Inc. now owns 13,259 shares of the company's stock worth $846,000 after acquiring an additional 570 shares during the period. Finally, M&T Bank Corp raised its position in General Mills by 0.9% in the fourth quarter. M&T Bank Corp now owns 201,778 shares of the company's stock worth $12,867,000 after acquiring an additional 1,771 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

General Mills Trading Down 3.7 %

NYSE GIS traded down $2.44 during trading hours on Tuesday, hitting $62.87. 3,213,139 shares of the company's stock were exchanged, compared to its average volume of 3,937,909. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The firm has a market capitalization of $34.65 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The business's 50 day moving average is $60.37 and its 200-day moving average is $65.93. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90.

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General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. General Mills's revenue was up 2.7% compared to the same quarter last year. As a group, analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Thursday, April 10th. General Mills's dividend payout ratio is presently 52.17%.

Insider Activity

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 of the company's stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey L. Harmening sold 11,379 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares of the company's stock, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

GIS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday. Barclays lowered 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. 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. Deutsche Bank Aktiengesellschaft dropped their price objective on General Mills from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group boosted their target price on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, General Mills has a consensus rating of "Hold" and an average price target of $68.24.

About General Mills

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.