Impact Investors Inc Buys New Shares in General Mills, Inc. (NYSE:GIS)

Impact Investors Inc acquired a new position in shares of General Mills, Inc. (NYSE:GIS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,608 shares of the company’s stock, valued at approximately $358,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sabal Trust CO lifted its stake in shares of General Mills by 1.6% during the 4th quarter. Sabal Trust CO now owns 312,565 shares of the company’s stock worth $19,932,000 after buying an additional 4,787 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in General Mills by 17.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 5,602 shares of the company’s stock worth $357,000 after purchasing an additional 844 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in General Mills by 32.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 25,566 shares of the company’s stock valued at $1,630,000 after purchasing an additional 6,203 shares during the period. Vaughan David Investments LLC IL lifted its holdings in shares of General Mills by 1.3% during the fourth quarter. Vaughan David Investments LLC IL now owns 533,322 shares of the company’s stock worth $34,010,000 after buying an additional 7,020 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of General Mills by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,004,777 shares of the company’s stock valued at $255,385,000 after acquiring an additional 207,346 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on GIS. TD Cowen lowered their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Barclays decreased their price objective on shares of 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. Citigroup cut their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Bank of America decreased their price objective on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.06.

Insider Activity

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s 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 in the company, valued at approximately $2,716,546.50. This 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 can be accessed through this link. Company insiders own 0.26% of the company’s stock.

General Mills Trading Up 0.4 %

NYSE:GIS opened at $61.61 on Wednesday. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average price of $60.72 and a 200-day moving average price of $66.43. The stock has a market cap of $33.96 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.94 and a beta of 0.10.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The firm 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 for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 EPS. Equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

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 given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.90%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

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.