Stokes Family Office LLC Has $602,000 Holdings in General Mills, Inc. (NYSE:GIS)

Stokes Family Office LLC raised its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 108.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,433 shares of the company's stock after purchasing an additional 4,903 shares during the period. Stokes Family Office LLC's holdings in General Mills were worth $602,000 as of its most recent SEC filing.

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

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 353,346 shares of the company's stock, valued at $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

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General Mills Stock Up 0.8 %

General Mills stock traded up $0.47 during trading hours on Friday, hitting $58.78. The company had a trading volume of 48,560,704 shares, compared to its average volume of 4,110,811. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week 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 capitalization of $32.40 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The firm's fifty day moving average is $60.00 and its 200-day moving average is $65.23.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS 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 company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the business posted $1.17 EPS. General Mills's quarterly revenue was down 5.1% on a year-over-year basis. On average, research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.08%. General Mills's dividend payout ratio (DPR) is presently 52.75%.

Analysts Set New Price Targets

Several research firms have recently commented on GIS. JPMorgan Chase & Co. decreased their price target on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Thursday. Bank of America lowered their target price on General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Citigroup reduced their price objective on General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, Wells Fargo & Company reduced their target price on General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $66.53.

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.