General Mills, Inc. (NYSE:GIS) Stock Position Lifted by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,152 shares of the company's stock after acquiring an additional 5,202 shares during the period. Orion Portfolio Solutions LLC's holdings in General Mills were worth $2,178,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GIS. Gladstone Institutional Advisory LLC raised its holdings in shares of General Mills by 6.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company's stock valued at $304,000 after buying an additional 268 shares during the period. JPMorgan Chase & Co. raised its stake in shares of General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock valued at $421,552,000 after purchasing an additional 2,926,232 shares during the period. J2 Capital Management Inc purchased a new stake in shares of General Mills during the fourth quarter valued at approximately $547,000. Sequoia Financial Advisors LLC lifted its position in shares of General Mills by 15.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 43,114 shares of the company's stock worth $2,749,000 after purchasing an additional 5,853 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of General Mills by 7.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company's stock valued at $4,652,000 after purchasing an additional 4,839 shares during the period. Hedge funds and other institutional investors own 75.71% of the company's stock.

Remove Ads

Insider Activity at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company's stock.

General Mills Stock Performance

GIS stock traded down $1.33 during trading on Friday, hitting $59.64. 7,577,878 shares of the company's stock traded hands, compared to its average volume of 4,351,286. The stock has a market capitalization of $32.87 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The stock has a fifty day moving average price of $59.97 and a two-hundred day moving average price of $64.11. 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 (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is 52.75%.

Analyst Ratings Changes

GIS has been the topic of several analyst reports. TD Cowen dropped their price target on shares of General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company cut their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Bank of America lowered their price objective on General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada restated a "sector perform" rating and set a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, General Mills presently has an average rating of "Hold" and a consensus target price of $65.69.

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.