Lion Street Advisors LLC Buys 290,240 Shares of General Mills, Inc. (NYSE:GIS)

Lion Street Advisors LLC raised its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 38.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,048,863 shares of the company's stock after buying an additional 290,240 shares during the quarter. General Mills accounts for 21.3% of Lion Street Advisors LLC's portfolio, making the stock its largest position. Lion Street Advisors LLC owned about 0.19% of General Mills worth $66,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its stake in General Mills by 9.4% in the third quarter. State Street Corp now owns 33,502,737 shares of the company's stock valued at $2,474,177,000 after purchasing an additional 2,867,678 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of General Mills by 64.5% in the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock valued at $497,054,000 after buying an additional 3,058,414 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock worth $421,552,000 after buying an additional 2,926,232 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in General Mills by 7.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,823,254 shares of the company's stock valued at $282,347,000 after acquiring an additional 263,188 shares during the last quarter. Finally, abrdn plc increased its stake in shares of General Mills by 3.9% during the 3rd quarter. abrdn plc now owns 2,492,918 shares of the company's stock worth $183,778,000 after purchasing an additional 92,931 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills 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 completion of the sale, the insider now owns 42,117 shares of the company's stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was 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. This represents a 4.16 % 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 Trading Up 1.2 %

Shares of GIS stock traded up $0.69 during trading hours on Wednesday, reaching $59.60. The company had a trading volume of 4,118,927 shares, compared to its average volume of 4,388,427. General Mills, Inc. has a 1-year low of $57.94 and a 1-year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm has a market cap of $32.85 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 3.88 and a beta of 0.10. The company has a 50 day moving average of $62.73 and a 200 day moving average of $67.27.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating 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%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 earnings per share. On average, equities research analysts anticipate that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.03%. General Mills's dividend payout ratio is 52.17%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of General Mills from $63.00 to $67.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. Stifel Nicolaus dropped their price target on 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 reduced their price objective on General Mills from $74.00 to $68.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. TD Cowen cut their target price on shares of General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $70.94.

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.