General Mills, Inc. (NYSE:GIS) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 14.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 148,861 shares of the company's stock after buying an additional 18,651 shares during the period. Natixis Advisors LLC's holdings in General Mills were worth $9,493,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. RFG Advisory LLC raised its stake in General Mills by 2.6% during 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 during the last quarter. TCW Group Inc. raised its stake in shares of General Mills by 0.8% during the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company's stock worth $1,471,000 after purchasing an additional 194 shares during the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in shares of General Mills by 3.7% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock worth $356,000 after purchasing an additional 197 shares during the period. Howard Capital Management Inc. lifted its stake in shares of General Mills by 5.3% in the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock worth $250,000 after acquiring an additional 198 shares during the period. Finally, LRI Investments LLC boosted its holdings in General Mills by 5.9% in the 3rd quarter. LRI Investments LLC now owns 3,593 shares of the company's stock valued at $265,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

Remove Ads

Insider Activity at General Mills

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 completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Down 0.7 %

GIS traded down $0.42 during trading hours on Tuesday, reaching $57.75. 4,987,318 shares of the stock traded hands, compared to its average volume of 4,114,724. 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's fifty day simple moving average is $59.97 and its two-hundred day simple moving average is $65.06. The company has a market cap of $31.83 billion, a price-to-earnings ratio of 12.55, a PEG 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.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. As a group, analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. 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 4.16%. General Mills's dividend payout ratio (DPR) is 52.75%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of 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. Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Jefferies Financial Group lifted their target price on shares of General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Stifel Nicolaus reduced their target price 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. Finally, Mizuho cut 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 Thursday, March 20th. 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 stock. Based on data from MarketBeat.com, General Mills presently has a consensus rating of "Hold" and an average target price of $65.69.

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.