Dynamic Advisor Solutions LLC Grows Position in General Mills, Inc. (NYSE:GIS)

Dynamic Advisor Solutions LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 71,654 shares of the company’s stock after purchasing an additional 1,072 shares during the period. Dynamic Advisor Solutions LLC’s holdings in General Mills were worth $4,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in General Mills by 6.7% during the fourth quarter. Fifth Third Bancorp now owns 56,352 shares of the company’s stock valued at $3,594,000 after buying an additional 3,531 shares in the last quarter. Nepsis Inc. lifted its holdings in shares of General Mills by 3,504.8% during the 4th quarter. Nepsis Inc. now owns 2,164,395 shares of the company’s stock valued at $138,023,000 after acquiring an additional 2,104,353 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in General Mills by 5.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 14,386 shares of the company’s stock worth $917,000 after purchasing an additional 706 shares during the period. Impact Partnership Wealth LLC acquired a new stake in General Mills in the 4th quarter valued at $760,000. Finally, RFG Advisory LLC raised its position in General Mills by 2.6% in the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the transaction, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value 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 ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GIS shares. JPMorgan Chase & Co. increased their target price on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Stifel Nicolaus lowered their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a report on Friday. Citigroup cut their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.94.

General Mills Stock Up 1.4 %

Shares of NYSE:GIS opened at $60.37 on Friday. The company’s fifty day moving average is $63.31 and its two-hundred day moving average is $67.38. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a 1-year low of $57.94 and a 1-year high of $75.90. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 3.70 and a beta of 0.11.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the firm earned $1.25 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts anticipate that General Mills, Inc. will post 4.42 EPS for the current year.

General Mills Announces Dividend

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. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 3.98%. General Mills’s dividend payout ratio 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.