Stevens Capital Management LP Invests $532,000 in General Mills, Inc. (NYSE:GIS)

Stevens Capital Management LP bought a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,335 shares of the company's stock, valued at approximately $532,000.

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

Analyst Upgrades and Downgrades

GIS has been the topic of a number of research reports. Morgan Stanley initiated coverage on General Mills in a report on Monday. They issued an "underweight" rating and a $53.00 price objective on the stock. Mizuho reduced their target price on General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company lowered their price objective on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Citigroup dropped their price objective on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, TD Cowen lowered their target price on General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a research note on Thursday, December 19th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $65.69.

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Insider Activity at General Mills

In other 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 transaction of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.26% of the company's stock.

General Mills Stock Performance

Shares of NYSE:GIS traded down $0.42 during trading hours on Tuesday, hitting $57.75. The stock had a trading volume of 4,987,361 shares, compared to its average volume of 4,115,364. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. The stock's fifty day simple moving average is $59.97 and its 200 day simple moving average is $65.06. The firm has a market capitalization 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 (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the firm posted $1.17 earnings per share. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. Sell-side analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.16%. General Mills's dividend payout ratio (DPR) is presently 52.75%.

General Mills 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.