KG&L Capital Management LLC Acquires 18,069 Shares of General Mills, Inc. (NYSE:GIS)

KG&L Capital Management LLC lifted its holdings in General Mills, Inc. (NYSE:GIS) by 374.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,889 shares of the company’s stock after buying an additional 18,069 shares during the quarter. KG&L Capital Management LLC’s holdings in General Mills were worth $1,461,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its stake in General Mills by 22.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock worth $17,565,000 after purchasing an additional 43,086 shares in the last quarter. JPMorgan Chase & Co. lifted its position in General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after purchasing an additional 2,926,232 shares during the last quarter. J2 Capital Management Inc purchased a new position in shares of General Mills in the 4th quarter worth $547,000. Crossmark Global Holdings Inc. increased its holdings in shares of General Mills by 129.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock worth $13,649,000 after buying an additional 104,436 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after buying an additional 3,058,414 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

GIS has been the topic of several analyst reports. Barclays reduced their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. increased their price target on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Wells Fargo & Company dropped 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 note on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $78.00 to $80.00 in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus price target of $70.94.

General Mills Stock Down 0.9 %

Shares of NYSE:GIS opened at $60.11 on Friday. 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 business’s 50 day moving average is $62.99 and its 200 day moving average is $67.30. The stock has a market cap of $33.13 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 3.86 and a beta of 0.11. General Mills, Inc. has a 52-week low of $57.94 and a 52-week high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. Sell-side analysts predict that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.99%. General Mills’s payout ratio is presently 52.17%.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.