General Mills, Inc. (NYSE:GIS) Shares Bought by Syon Capital LLC

Syon Capital LLC lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 114.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,004 shares of the company’s stock after purchasing an additional 4,797 shares during the quarter. Syon Capital LLC’s holdings in General Mills were worth $587,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Operose Advisors LLC grew its holdings in General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares during the period. Bruce G. Allen Investments LLC acquired a new position in General Mills during the fourth quarter worth $28,000. Authentikos Wealth Advisory LLC acquired a new position in General Mills during the third quarter worth $31,000. HHM Wealth Advisors LLC acquired a new position in General Mills during the third quarter worth $32,000. Finally, Fortitude Family Office LLC acquired a new position in General Mills during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 17,726 shares of company stock valued at $1,187,811. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GIS shares. Mizuho upped their price objective on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. TD Cowen upped their price objective on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 target price on shares of General Mills in a research report on Monday. JPMorgan Chase & Co. increased their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Bank of America raised their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, General Mills currently has a consensus rating of “Hold” and an average price target of $72.18.

General Mills Stock Down 0.8 %

NYSE GIS traded down $0.55 during mid-day trading on Friday, reaching $70.83. 3,782,853 shares of the company’s stock traded hands, compared to its average volume of 4,253,771. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89. The company has a fifty day simple moving average of $67.52 and a 200-day simple moving average of $65.53. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The company has a market cap of $40.22 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 2.47 and a beta of 0.15.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. As a group, equities research analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) is 54.13%.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.