Landscape Capital Management L.L.C. Raises Stock Holdings in General Mills, Inc. (NYSE:GIS)

Landscape Capital Management L.L.C. boosted its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 144.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,269 shares of the company's stock after buying an additional 17,283 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in General Mills were worth $1,866,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. purchased a new stake in General Mills during the fourth quarter valued at about $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Mills in the 4th quarter valued at approximately $31,000. VSM Wealth Advisory LLC bought a new stake in General Mills during the 4th quarter valued at $32,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of General Mills in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

Insider Activity

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction 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. The trade was 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 the SEC website. Insiders own 0.26% of the company's stock.

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General Mills Trading Down 1.1 %

Shares of GIS traded down $0.63 during trading hours on Thursday, hitting $56.83. The company had a trading volume of 1,927,966 shares, compared to its average volume of 4,393,149. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. The stock's 50 day moving average price is $59.68 and its 200 day moving average price is $63.67. The firm has a market cap of $31.32 billion, a P/E ratio of 12.37, a P/E/G ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm's revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS. On average, research analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

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 given 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 4.22%. General Mills's dividend payout ratio is currently 52.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Barclays lowered their target price on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Citigroup decreased their price target on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. 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, Mizuho dropped their price target on General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $65.69.

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.