General Mills, Inc. (NYSE:GIS) Stock Position Increased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its holdings in General Mills, Inc. (NYSE:GIS) by 144.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,269 shares of the company’s stock after acquiring an additional 17,283 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in General Mills were worth $1,866,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills during the 4th quarter worth about $26,000. CBIZ Investment Advisory Services LLC acquired a new position in General Mills during the fourth quarter worth about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills during the fourth quarter worth about $31,000. VSM Wealth Advisory LLC bought a new stake in General Mills in the fourth quarter worth about $32,000. Finally, Bank of Jackson Hole Trust acquired a new stake in General Mills in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Transactions at General Mills

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the 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 sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by insiders.

General Mills Stock Performance

NYSE GIS opened at $59.64 on Friday. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. The firm has a market capitalization of $32.87 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.94 and a beta of 0.06. The company’s fifty day moving average is $59.97 and its two-hundred day moving average is $64.26. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. Equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.02%. General Mills’s dividend payout ratio is currently 52.75%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GIS shares. Deutsche Bank Aktiengesellschaft dropped their price target on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Mizuho cut their price target on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Piper Sandler lowered their target price on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $65.69.

General Mills 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.