Strategic Financial Concepts LLC Makes New $873,000 Investment in General Mills, Inc. (NYSE:GIS)

Strategic Financial Concepts LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,687 shares of the company's stock, valued at approximately $873,000.

Other large investors also recently made changes to their positions in the company. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills during the fourth quarter worth $26,000. Values First Advisors Inc. bought a new stake in shares of General Mills during the third quarter worth $27,000. Planning Capital Management Corp grew its holdings in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company's stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of General Mills during the fourth quarter worth $38,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of General Mills during the third quarter worth $44,000. Institutional investors own 75.71% of the company's stock.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction that occurred 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 sale, the insider now owns 42,117 shares of the company's stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GIS shares. Bank of America decreased their price target on General Mills from $78.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a report on Thursday, December 19th. Stifel Nicolaus decreased their price target on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday. Wells Fargo & Company decreased their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, Mizuho decreased their price target on General Mills from $72.00 to $65.00 and set a "neutral" rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $69.88.

General Mills Stock Up 3.1 %

Shares of NYSE GIS traded up $1.83 during mid-day trading on Friday, reaching $61.02. 5,218,456 shares of the company's stock were exchanged, compared to its average volume of 4,668,790. The firm has a market capitalization of $33.63 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 3.76 and a beta of 0.10. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The business has a fifty day simple moving average of $61.01 and a 200 day simple moving average of $66.61. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. As a group, equities analysts expect that General Mills, Inc. will post 4.38 EPS for the current fiscal year.

General Mills Dividend Announcement

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 given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Thursday, April 10th. General Mills's dividend payout ratio is currently 52.17%.

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.