Moloney Securities Asset Management LLC Acquires 462 Shares of General Mills, Inc. (NYSE:GIS)

Moloney Securities Asset Management LLC grew its holdings in shares of General Mills, Inc. (NYSE:GIS) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,249 shares of the company’s stock after purchasing an additional 462 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in General Mills were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Endeavor Private Wealth Inc. bought a new position in General Mills during the fourth quarter valued at about $26,000. Values First Advisors Inc. acquired a new position in shares of General Mills during the 3rd quarter valued at about $27,000. Planning Capital Management Corp raised its stake 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 valued at $37,000 after acquiring an additional 193 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in General Mills in the 4th quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC bought a new stake in General Mills during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 1.3 %

Shares of GIS stock opened at $58.06 on Tuesday. The firm has a fifty day moving average of $62.31 and a 200-day moving average of $67.15. The stock has a market cap of $32.00 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a 52-week low of $57.85 and a 52-week high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

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 the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. On average, equities research analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 4.13%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is 52.17%.

Analysts Set New Price Targets

GIS has been the topic of a number of recent analyst reports. TD Cowen dropped their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Mizuho decreased their price target on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. Finally, Wells Fargo & Company decreased their target price on 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. One equities research 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, General Mills has a consensus rating of “Hold” and a consensus price target of $71.13.

Insider Buying and Selling at General Mills

In other General Mills news, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated 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 directly owns 23,013 shares in the company, valued at $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction that occurred on 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 directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % 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 Company 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.