General Mills, Inc. (NYSE:GIS) Shares Acquired by Regal Investment Advisors LLC

Regal Investment Advisors LLC raised its holdings in General Mills, Inc. (NYSE:GIS) by 9.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,580 shares of the company’s stock after acquiring an additional 487 shares during the period. Regal Investment Advisors LLC’s holdings in General Mills were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Endeavor Private Wealth Inc. acquired a new stake in shares of General Mills in the fourth quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Mills in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills in the 4th quarter valued at $31,000. VSM Wealth Advisory LLC purchased a new stake in shares of General Mills during the 4th quarter valued at $32,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of General Mills during the 4th quarter worth $34,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Performance

Shares of GIS opened at $57.52 on Friday. The firm has a market cap of $31.71 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.94 and a beta of 0.15. 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 $59.51 and its two-hundred day moving average is $63.06. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. Analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company 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. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.17%. General Mills’s dividend payout ratio (DPR) is 52.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Morgan Stanley began coverage on General Mills in a research report on Monday, March 24th. They set an “underweight” rating and a $53.00 price target for the company. Stifel Nicolaus decreased their target price on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Bank of America cut their price target on shares of General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Wells Fargo & Company decreased their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group raised their target price on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 10th. One 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. According to MarketBeat, General Mills presently has a consensus rating of “Hold” and an average price target of $65.69.

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.