Integrated Investment Consultants LLC Buys New Shares in General Mills, Inc. (NYSE:GIS)

Integrated Investment Consultants LLC purchased a new position in shares of General Mills, Inc. (NYSE:GIS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,927 shares of the company’s stock, valued at approximately $1,398,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Values First Advisors Inc. acquired a new stake in General Mills in the 3rd quarter valued at about $27,000. First Foundation Advisors lifted its holdings in General Mills by 400.0% during the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the last quarter. Planning Capital Management Corp grew its stake in shares of General Mills by 61.5% in 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 in the last quarter. Beacon Capital Management LLC raised its stake in General Mills by 47.5% in the 1st quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock worth $39,000 after purchasing an additional 180 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in General Mills in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Price Performance

General Mills stock opened at $63.80 on Thursday. The stock’s 50 day moving average is $70.00 and its 200 day moving average is $68.70. General Mills, Inc. has a one year low of $61.47 and a one year high of $75.90. The firm has a market cap of $35.42 billion, a P/E ratio of 15.19, a P/E/G ratio of 3.26 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, research analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.76%. General Mills’s payout ratio is currently 57.14%.

Insider Transactions at General Mills

In related news, insider Jonathon Nudi sold 9,647 shares of the business’s stock in a transaction 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 transaction, the insider now owns 128,664 shares in the company, valued at $9,571,314.96. The trade was a 6.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,555 shares of company stock valued at $4,721,336. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

GIS has been the subject of a number of analyst reports. TD Cowen lifted their price target on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Citigroup lifted their price objective on General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company decreased their price target on General Mills from $77.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Stifel Nicolaus upped their price objective on shares of General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Barclays raised their target price on General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.67.

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.