Marks Group Wealth Management Inc Buys Shares of 3,119 General Mills, Inc. (NYSE:GIS)

Marks Group Wealth Management Inc bought a new stake in shares of General Mills, Inc. (NYSE:GISFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,119 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley boosted its stake in General Mills by 0.3% during the 3rd quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock valued at $527,423,000 after purchasing an additional 23,400 shares during the period. Northern Trust Corp boosted its stake in General Mills by 5.0% during the 3rd quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock valued at $511,608,000 after purchasing an additional 379,702 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in General Mills by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,527,989 shares of the company’s stock valued at $468,346,000 after purchasing an additional 44,933 shares during the period. Nordea Investment Management AB boosted its stake in General Mills by 48.7% during the 3rd quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after purchasing an additional 1,654,111 shares during the period. Finally, Invesco Ltd. boosted its stake in General Mills by 2.4% during the 3rd quarter. Invesco Ltd. now owns 4,102,503 shares of the company’s stock valued at $262,519,000 after purchasing an additional 96,935 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 17,726 shares of company stock worth $1,187,811 over the last 90 days. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GIS has been the subject of a number of analyst reports. TD Cowen boosted their target price on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Morgan Stanley upped their price target on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Barclays upped their price target on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. Bank of America upped their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Citigroup assumed coverage on shares of General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.18.

Read Our Latest Research Report on GIS

General Mills Stock Down 0.4 %

NYSE GIS opened at $70.52 on Wednesday. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The company’s 50 day simple moving average is $67.17 and its 200 day simple moving average is $65.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market capitalization of $40.05 billion, a P/E ratio of 16.24, a PEG ratio of 2.46 and a beta of 0.15.

General Mills (NYSE:GISGet Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the previous year, the business earned $0.97 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Equities research analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.35%. General Mills’s dividend payout ratio is currently 54.13%.

General Mills Company Profile

(Free Report)

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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