13,687 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Strategic Financial Concepts LLC

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 disclosure with the SEC. The institutional investor acquired 13,687 shares of the company's stock, valued at approximately $873,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mesirow Financial Investment Management Inc. boosted its position in shares of General Mills by 1.1% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company's stock valued at $999,000 after purchasing an additional 148 shares during the period. Ballentine Partners LLC boosted its position in shares of General Mills by 1.1% in the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company's stock valued at $1,097,000 after purchasing an additional 165 shares during the period. RFG Advisory LLC boosted its position in shares of General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company's stock valued at $425,000 after purchasing an additional 172 shares during the period. Stratos Wealth Advisors LLC boosted its position in shares of General Mills by 1.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company's stock valued at $783,000 after purchasing an additional 173 shares during the period. Finally, Planning Capital Management Corp boosted its position in shares of General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company's stock valued at $37,000 after purchasing an additional 193 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of research analyst reports. Citigroup decreased their target price on General Mills from $71.00 to $67.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Stifel Nicolaus decreased their target price on General Mills from $78.00 to $72.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Bank of America upgraded General Mills from a "neutral" rating to a "buy" rating and lifted their target price for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Finally, TD Cowen lowered their target price on General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday, December 19th. One investment 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. Based on data from MarketBeat, General Mills has a consensus rating of "Hold" and an average target price of $71.13.

General Mills Trading Down 1.2 %

Shares of NYSE:GIS traded down $0.69 during midday trading on Friday, reaching $58.85. The company's stock had a trading volume of 4,690,260 shares, compared to its average volume of 4,228,352. The business has a 50 day moving average price of $61.61 and a 200 day moving average price of $66.88. General Mills, Inc. has a 1 year low of $57.85 and a 1 year high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a market cap of $32.44 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The company's revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is 52.17%.

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.