Stamos Capital Partners L.P. Acquires 13,980 Shares of General Mills, Inc. (NYSE:GIS)

Stamos Capital Partners L.P. lifted its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 42.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,230 shares of the company's stock after purchasing an additional 13,980 shares during the quarter. Stamos Capital Partners L.P.'s holdings in General Mills were worth $3,012,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

GIS has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research report on Monday, March 17th. Piper Sandler decreased their target price on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a report on Tuesday, February 25th. 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. Finally, JPMorgan Chase & Co. reduced their price objective on General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $65.69.

General Mills Stock Performance

Shares of NYSE GIS traded up $1.05 during mid-day trading on Friday, hitting $57.52. The company had a trading volume of 3,368,814 shares, compared to its average volume of 4,402,428. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. 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 has a market cap of $31.71 billion, a P/E ratio of 12.50, a PEG ratio of 1.94 and a beta of 0.15. The business's 50-day simple moving average is $59.51 and its 200-day simple moving average is $63.06.

General Mills (NYSE:GIS - Get Free Report) last issued its 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 business had revenue of $4.84 billion during the quarter, compared to analyst estimates 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 was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. As a group, analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Thursday, April 10th. General Mills's payout ratio is 52.75%.

Insider Activity

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.