Segall Bryant & Hamill LLC Invests $3.55 Million in General Mills, Inc. (NYSE:GIS)

Segall Bryant & Hamill LLC purchased a new stake in General Mills, Inc. (NYSE:GIS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,056 shares of the company’s stock, valued at approximately $3,549,000.

A number of other large investors have also recently added to or reduced their stakes in GIS. 1832 Asset Management L.P. grew its stake in General Mills by 1,101.1% in the first quarter. 1832 Asset Management L.P. now owns 37,137 shares of the company’s stock worth $2,598,000 after purchasing an additional 34,045 shares in the last quarter. LRI Investments LLC acquired a new position in shares of General Mills in the 1st quarter worth approximately $240,000. Steel Grove Capital Advisors LLC bought a new stake in shares of General Mills in the 1st quarter valued at approximately $234,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of General Mills during the 1st quarter valued at approximately $456,000. Finally, Ascent Group LLC lifted its stake in General Mills by 8.9% during the first quarter. Ascent Group LLC now owns 35,531 shares of the company’s stock worth $2,486,000 after purchasing an additional 2,917 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

In related news, CAO Mark A. Pallot sold 8,083 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total transaction of $576,156.24. Following the completion of the sale, the chief accounting officer now directly owns 14,813 shares in the company, valued at approximately $1,055,870.64. This trade represents a 35.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Maria Sastre sold 1,000 shares of the company’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 completion of the transaction, the director now directly owns 23,013 shares in the company, valued at $1,465,007.58. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,555 shares of company stock valued at $4,721,336 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Bank of America increased their price objective on shares of General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research note on Thursday, September 19th. TD Cowen increased their price target on General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. boosted their price objective on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.67.

General Mills Stock Up 1.4 %

General Mills stock opened at $65.00 on Friday. The company’s 50-day moving average price is $69.64 and its two-hundred day moving average price is $68.63. The stock has a market cap of $36.09 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 3.26 and a beta of 0.11. General Mills, Inc. has a 52 week low of $61.47 and a 52 week high of $75.90. 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 announced its earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. On average, analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.69%. General Mills’s dividend payout ratio (DPR) is 57.14%.

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.