Capital Investment Counsel LLC Has $6.01 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Capital Investment Counsel LLC grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,308 shares of the company’s stock after purchasing an additional 2,835 shares during the period. Capital Investment Counsel LLC’s holdings in General Mills were worth $6,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in General Mills by 6.4% during the second quarter. Thrivent Financial for Lutherans now owns 42,121 shares of the company’s stock worth $2,664,000 after buying an additional 2,528 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of General Mills by 70.3% during the second quarter. Public Sector Pension Investment Board now owns 21,535 shares of the company’s stock worth $1,362,000 after acquiring an additional 8,887 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of General Mills by 17.5% in the 2nd quarter. NewEdge Advisors LLC now owns 39,207 shares of the company’s stock worth $2,480,000 after acquiring an additional 5,849 shares during the last quarter. EP Wealth Advisors LLC lifted its position in General Mills by 0.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock valued at $1,368,000 after acquiring an additional 172 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its stake in General Mills by 2.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 6,789 shares of the company’s stock valued at $428,000 after purchasing an additional 174 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Mills

In related news, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GIS. Deutsche Bank Aktiengesellschaft dropped their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Stifel Nicolaus dropped their price objective on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup reduced their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Barclays dropped their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, Wells Fargo & Company reduced their price objective on shares of 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. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.94.

General Mills Stock Performance

NYSE:GIS opened at $59.84 on Wednesday. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The business has a fifty day simple moving average of $63.29 and a two-hundred day simple moving average of $67.44. The company has a market capitalization of $32.99 billion, a P/E ratio of 13.01, a P/E/G ratio of 3.70 and a beta of 0.11.

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

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.01%. General Mills’s dividend payout ratio is 52.17%.

About General Mills

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.