Wayfinding Financial LLC Purchases Shares of 3,255 General Mills, Inc. (NYSE:GIS)

Wayfinding Financial LLC purchased a new position in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,255 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently modified their holdings of GIS. Gladstone Institutional Advisory LLC grew its position in General Mills by 6.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock worth $304,000 after purchasing an additional 268 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after buying an additional 2,926,232 shares during the period. J2 Capital Management Inc purchased a new stake in shares of General Mills during the fourth quarter valued at $547,000. Daiwa Securities Group Inc. increased its position in shares of General Mills by 7.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 72,949 shares of the company’s stock valued at $4,652,000 after acquiring an additional 4,839 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of General Mills by 64.5% in the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after acquiring an additional 3,058,414 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 related news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the transaction, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

General Mills Trading Up 0.8 %

GIS stock opened at $58.78 on Friday. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a market cap of $32.40 billion, a P/E ratio of 12.78, a PEG ratio of 1.94 and a beta of 0.06. The company’s 50-day simple moving average is $60.00 and its 200-day simple moving average is $65.28.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.17 earnings per share. As a group, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.17%.

Analyst Upgrades and Downgrades

GIS has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price target on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday. Stifel Nicolaus reduced their price objective on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Citigroup reduced their price objective on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Jefferies Financial Group raised their price objective on General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, General Mills has a consensus rating of “Hold” and an average target price of $66.53.

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.