Townsquare Capital LLC Has $4.43 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Townsquare Capital LLC lifted its position in General Mills, Inc. (NYSE:GIS) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,018 shares of the company’s stock after buying an additional 2,290 shares during the quarter. Townsquare Capital LLC’s holdings in General Mills were worth $4,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Values First Advisors Inc. bought a new position in General Mills in the 3rd quarter worth $27,000. First Foundation Advisors increased its stake in shares of General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Planning Capital Management Corp lifted its position in shares of General Mills by 61.5% during the 3rd 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. Catalyst Capital Advisors LLC bought a new stake in General Mills during the 3rd quarter valued at approximately $44,000. Finally, TruNorth Capital Management LLC acquired a new stake in General Mills in the 2nd quarter valued at approximately $38,000. 75.71% of the stock is owned by institutional investors.

Insider Activity at General Mills

In related news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now directly owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the sale, the chief executive officer now directly owns 355,328 shares in the company, valued at $24,379,054.08. This represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,555 shares of company stock worth $4,721,336 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on GIS shares. The Goldman Sachs Group began coverage on General Mills in a report on Monday, August 12th. They set a “buy” rating and a $76.00 price target for the company. Stifel Nicolaus increased their price target on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Citigroup boosted their price objective on shares of General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. TD Cowen increased their target price on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, Barclays boosted their price target on General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills has an average rating of “Hold” and a consensus target price of $72.67.

General Mills Price Performance

Shares of GIS opened at $66.23 on Friday. The stock has a market cap of $36.77 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 3.41 and a beta of 0.11. General Mills, Inc. has a 1 year low of $61.47 and a 1 year high of $75.90. The stock’s 50-day moving average price is $68.94 and its two-hundred day moving average price is $68.52. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the firm earned $1.09 EPS. General Mills’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio is currently 57.14%.

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.