Vaughan David Investments LLC IL Boosts Holdings in General Mills, Inc. (NYSE:GIS)

Vaughan David Investments LLC IL lifted its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 533,322 shares of the company's stock after purchasing an additional 7,020 shares during the period. Vaughan David Investments LLC IL owned about 0.10% of General Mills worth $34,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GIS. Endeavor Private Wealth Inc. bought a new position in General Mills during the 4th quarter worth $26,000. Bank of Jackson Hole Trust acquired a new position in General Mills in the fourth quarter valued at $34,000. Planning Capital Management Corp boosted its position in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company's stock valued at $37,000 after acquiring an additional 193 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in General Mills during the 4th quarter worth about $38,000. Finally, Capital Advisors Ltd. LLC raised its position in shares of General Mills by 150.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 653 shares of the company's stock worth $42,000 after acquiring an additional 392 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

Wall Street Analyst Weigh In

GIS has been the topic of several research analyst reports. Wells Fargo & Company cut their target price on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. TD Cowen reduced their price objective on shares of General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Bank of America cut their target price on shares of General Mills from $78.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Mills from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Finally, Citigroup reduced their target price on shares of General Mills from $71.00 to $67.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.06.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock.

General Mills Price Performance

GIS traded up $0.27 during midday trading on Tuesday, hitting $61.61. The stock had a trading volume of 5,410,589 shares, compared to its average volume of 4,711,525. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The business has a fifty day moving average of $60.81 and a 200 day moving average of $66.48. The company has a market cap of $33.96 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is presently 52.17%.

General Mills Company 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.