Intellectus Partners LLC Purchases 273 Shares of General Mills, Inc. (NYSE:GIS)

Intellectus Partners LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,525 shares of the company’s stock after purchasing an additional 273 shares during the period. Intellectus Partners LLC’s holdings in General Mills were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Trust Company N.A bought a new position in General Mills during the 4th quarter worth $50,000. Stratos Wealth Advisors LLC boosted its holdings in shares of General Mills by 1.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 11,278 shares of the company’s stock valued at $722,000 after acquiring an additional 213 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills during the 4th quarter valued at $28,000. Sabal Trust CO boosted its holdings in shares of General Mills by 7,817.6% during the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock valued at $18,902,000 after acquiring an additional 286,514 shares in the last quarter. Finally, Gradient Investments LLC boosted its holdings in shares of General Mills by 29.9% during the 4th quarter. Gradient Investments LLC now owns 2,238 shares of the company’s stock valued at $146,000 after acquiring an additional 515 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 7,671 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $64.15, for a total value of $492,094.65. Following the transaction, the insider now owns 102,924 shares in the company, valued at approximately $6,602,574.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 17,726 shares of company stock worth $1,187,811 in the last 90 days. Insiders own 0.24% of the company’s stock.

General Mills Stock Down 0.8 %

General Mills stock traded down $0.55 during midday trading on Friday, reaching $70.83. The stock had a trading volume of 4,170,378 shares, compared to its average volume of 3,758,869. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The company has a market capitalization of $40.22 billion, a P/E ratio of 16.25, a PEG ratio of 2.44 and a beta of 0.15. The company has a fifty day moving average price of $67.65 and a two-hundred day moving average price of $65.60. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) 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. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. As a group, equities analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.33%. General Mills’s payout ratio is presently 54.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Bank of America raised their price objective on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Barclays raised their price objective on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price objective on shares of General Mills in a report on Monday, April 22nd. Morgan Stanley lifted their target price on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. lifted their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average price target of $72.18.

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