Oak Thistle LLC Invests $470,000 in General Mills, Inc. (NYSE:GIS)

Oak Thistle LLC acquired a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,366 shares of the company's stock, valued at approximately $470,000.

A number of other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in General Mills by 22.1% during the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company's stock worth $17,565,000 after buying an additional 43,086 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after acquiring an additional 2,926,232 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in General Mills by 129.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company's stock worth $13,649,000 after purchasing an additional 104,436 shares during the period. Nordea Investment Management AB increased its holdings in 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 purchasing an additional 3,058,414 shares in the last quarter. Finally, Ellsworth Advisors LLC raised its position in General Mills by 105.8% in the third quarter. Ellsworth Advisors LLC now owns 144,851 shares of the company's stock valued at $10,697,000 after purchasing an additional 74,456 shares during the period. Hedge funds and other institutional investors own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

GIS has been the subject of several analyst reports. TD Cowen decreased their target price on General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. JPMorgan Chase & Co. upped their target price on shares of General Mills from $63.00 to $67.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Barclays dropped their price target on shares of General Mills from $74.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Finally, Bank of America raised shares of General Mills from a "neutral" rating to a "buy" rating and upped their price objective for the company from $78.00 to $80.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $71.31.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now owns 23,013 shares of the company's stock, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company'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 disclosure for this sale can be found here. Insiders have sold 48,541 shares of company stock valued at $3,321,170 over the last quarter. Insiders own 0.26% of the company's stock.

General Mills Stock Performance

Shares of GIS traded up $0.48 during mid-day trading on Friday, hitting $59.64. The stock had a trading volume of 4,458,301 shares, compared to its average volume of 4,704,796. General Mills, Inc. has a fifty-two week low of $57.94 and a fifty-two week high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company has a market cap of $32.88 billion, a PE ratio of 12.97, a PEG ratio of 3.65 and a beta of 0.11. The company's fifty day simple moving average is $63.88 and its two-hundred day simple moving average is $67.52.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. On average, equities analysts expect that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 4.02%. General Mills's dividend payout ratio (DPR) is 52.17%.

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.