CreativeOne Wealth LLC Buys 7,112 Shares of General Mills, Inc. (NYSE:GIS)

CreativeOne Wealth LLC lifted its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 53.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,474 shares of the company's stock after buying an additional 7,112 shares during the period. CreativeOne Wealth LLC's holdings in General Mills were worth $1,306,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Endeavor Private Wealth Inc. purchased a new stake in shares of General Mills during the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Mills in the fourth quarter worth $31,000. VSM Wealth Advisory LLC purchased a new position in shares of General Mills during the 4th quarter valued at $32,000. Finally, Bank of Jackson Hole Trust bought a new position in General Mills in the fourth quarter valued at $34,000. 75.71% of the stock is owned by institutional investors.

General Mills Stock Up 1.9 %

General Mills stock traded up $1.05 during trading hours on Friday, hitting $57.52. 3,368,814 shares of the stock traded hands, compared to its average volume of 4,407,216. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The company has a market cap of $31.71 billion, a PE ratio of 12.50, a PEG ratio of 1.94 and a beta of 0.15. The firm's 50-day moving average price is $59.48 and its two-hundred day moving average price is $62.87. 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 (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business's revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. On average, research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors 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 4.17%. General Mills's dividend payout ratio (DPR) is 52.75%.

Analysts Set New Price Targets

GIS has been the subject of several research reports. Wells Fargo & Company cut their target price on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price target on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Bank of America decreased their price objective on General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Stifel Nicolaus dropped their target price on General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, Morgan Stanley initiated coverage on General Mills in a research report on Monday, March 24th. They issued an "underweight" rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, General Mills presently has a consensus rating of "Hold" and a consensus price target of $65.69.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

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.