General Mills, Inc. (NYSE:GIS) Stake Boosted by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB increased its stake in General Mills, Inc. (NYSE:GIS) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,921 shares of the company’s stock after purchasing an additional 252 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in General Mills were worth $186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Values First Advisors Inc. bought a new stake in General Mills in the third quarter valued at $27,000. Planning Capital Management Corp increased its holdings in shares of General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after acquiring an additional 193 shares during the period. Catalyst Capital Advisors LLC bought a new stake in General Mills in the 3rd quarter valued at about $44,000. Rise Advisors LLC boosted its stake in General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after purchasing an additional 193 shares during the period. Finally, Steph & Co. bought a new position in General Mills in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Performance

GIS opened at $59.35 on Thursday. 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 $32.72 billion, a PE ratio of 12.90, a P/E/G ratio of 3.72 and a beta of 0.11. The business has a fifty day simple moving average of $63.59 and a 200-day simple moving average of $67.51. General Mills, Inc. has a fifty-two week low of $57.94 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 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 up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS. As a group, equities analysts predict that General Mills, Inc. will post 4.42 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared 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 is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.04%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GIS. Barclays reduced their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. TD Cowen lowered their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their price objective on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and raised their target price for the company from $78.00 to $80.00 in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.31.

Insider Buying and Selling

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maria Sastre sold 1,000 shares of General Mills 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 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. Company insiders own 0.26% of the company’s stock.

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.