Lifeworks Advisors LLC Invests $653,000 in General Mills, Inc. (NYSE:GIS)

Lifeworks Advisors LLC acquired a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,234 shares of the company's stock, valued at approximately $653,000.

A number of other institutional investors have also made changes to their positions in the stock. Mesirow Financial Investment Management Inc. raised its stake in shares of General Mills by 1.1% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company's stock valued at $999,000 after acquiring an additional 148 shares in the last quarter. RFG Advisory LLC raised its stake in shares of General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock valued at $425,000 after acquiring an additional 172 shares in the last quarter. Planning Capital Management Corp raised its stake in shares of General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company's stock valued at $37,000 after acquiring an additional 193 shares in the last quarter. TCW Group Inc. increased its position in General Mills by 0.8% in the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company's stock worth $1,471,000 after buying an additional 194 shares during the period. Finally, Quadrant Private Wealth Management LLC increased its position in General Mills by 3.7% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock worth $356,000 after buying an additional 197 shares during the period. 75.71% of the stock is owned by institutional investors.

General Mills Price Performance

GIS stock traded up $2.31 during trading on Friday, hitting $64.53. The company had a trading volume of 8,966,679 shares, compared to its average volume of 3,920,881. The company has a fifty day moving average price of $60.33 and a two-hundred day moving average price of $65.97. 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 company has a market cap of $35.57 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90.

Remove Ads

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The business 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%. General Mills's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 EPS. Equities research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm 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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio is currently 52.17%.

Analyst Ratings Changes

Several brokerages have commented on GIS. Mizuho dropped their price target on General Mills from $72.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. Bank of America dropped their price target on General Mills from $78.00 to $70.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus dropped their price target on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. Finally, Wells Fargo & Company dropped their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $69.06.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the business's stock in a transaction on Friday, December 20th. The stock was 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 of the company's stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.26% of the company's stock.

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.