SGL Investment Advisors Inc. Takes Position in General Mills, Inc. (NYSE:GIS)

SGL Investment Advisors Inc. acquired a new stake in General Mills, Inc. (NYSE:GIS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,982 shares of the company’s stock, valued at approximately $368,000.

A number of other large investors also recently bought and sold shares of GIS. Groupama Asset Managment lifted its holdings in shares of General Mills by 27.3% in the 3rd quarter. Groupama Asset Managment now owns 98,748 shares of the company’s stock worth $73,000 after purchasing an additional 21,179 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of General Mills during the third quarter valued at approximately $1,214,000. Bontempo Ohly Capital Mgmt LLC grew its holdings in General Mills by 0.6% in the 3rd quarter. Bontempo Ohly Capital Mgmt LLC now owns 62,767 shares of the company’s stock worth $4,635,000 after buying an additional 349 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in General Mills by 47.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 28,950 shares of the company’s stock valued at $2,138,000 after acquiring an additional 9,285 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in General Mills during the 3rd quarter worth $3,467,000. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Down 0.7 %

Shares of GIS stock opened at $65.06 on Monday. General Mills, Inc. has a 12 month low of $61.47 and a 12 month high of $75.90. The stock has a 50 day moving average of $67.96 and a 200-day moving average of $68.28. The firm has a market cap of $36.12 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 3.39 and a beta of 0.10. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, equities analysts predict that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.69%. General Mills’s dividend payout ratio (DPR) is currently 57.14%.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of research analyst reports. TD Cowen upped their price target on shares of General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Stifel Nicolaus raised their price objective on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays raised their target price on shares of General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Wells Fargo & Company cut their price objective on General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Finally, Bank of America raised their price objective on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $72.67.

Insider Activity at General Mills

In other news, insider Jonathon Nudi sold 9,647 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the sale, the insider now owns 128,664 shares of the company’s stock, valued at approximately $9,571,314.96. This trade represents a 6.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the transaction, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,555 shares of company stock valued at $4,721,336 over the last quarter. 0.26% of the stock is owned by company insiders.

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.