Sanctuary Advisors LLC Purchases 3,991 Shares of General Mills, Inc. (NYSE:GIS)

Sanctuary Advisors LLC boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,813 shares of the company’s stock after acquiring an additional 3,991 shares during the period. Sanctuary Advisors LLC’s holdings in General Mills were worth $3,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nicholas Hoffman & Company LLC. increased its stake in General Mills by 4.9% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 6,661 shares of the company’s stock valued at $425,000 after acquiring an additional 312 shares during the period. Philip James Wealth Mangement LLC grew its stake in shares of General Mills by 85.0% in the 4th quarter. Philip James Wealth Mangement LLC now owns 6,932 shares of the company’s stock valued at $442,000 after purchasing an additional 3,185 shares during the period. DDD Partners LLC bought a new stake in shares of General Mills in the 4th quarter valued at approximately $21,776,000. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of General Mills by 7.7% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 31,428 shares of the company’s stock valued at $2,004,000 after purchasing an additional 2,259 shares during the period. Finally, MOKAN Wealth Management Inc. bought a new stake in shares of General Mills in the 4th quarter valued at approximately $584,000. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Up 3.1 %

NYSE:GIS opened at $61.02 on Friday. The stock’s fifty day moving average price is $60.89 and its two-hundred day moving average price is $66.56. General Mills, Inc. has a 52-week low of $55.15 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. The company has a market cap of $33.63 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 3.76 and a beta of 0.10.

General Mills (NYSE:GIS) last posted its quarterly earnings data 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. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts anticipate that General Mills, Inc. will post 4.38 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is 52.17%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company lowered their price objective on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday. 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. TD Cowen lowered their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Finally, Barclays lowered 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.88.

Insider Activity

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 transaction, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

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.