Syon Capital LLC Has $587,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Syon Capital LLC boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 114.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,004 shares of the company’s stock after buying an additional 4,797 shares during the quarter. Syon Capital LLC’s holdings in General Mills were worth $587,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. L.M. Kohn & Company raised its position in shares of General Mills by 2.6% during the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock valued at $386,000 after acquiring an additional 155 shares during the last quarter. Traverso Chambers Private Wealth Management LLC raised its position in shares of General Mills by 1.0% during the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after acquiring an additional 156 shares during the last quarter. TrueWealth Advisors LLC raised its position in shares of General Mills by 4.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock valued at $246,000 after acquiring an additional 158 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of General Mills by 4.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,170 shares of the company’s stock valued at $267,000 after acquiring an additional 160 shares during the last quarter. Finally, Csenge Advisory Group raised its position in shares of General Mills by 1.0% during the 3rd quarter. Csenge Advisory Group now owns 16,079 shares of the company’s stock valued at $1,029,000 after acquiring an additional 164 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GIS. HSBC upped their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Mizuho upped their price objective on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Morgan Stanley upped their price objective on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $72.00 price objective on shares of General Mills in a research report on Thursday, March 21st. Finally, Citigroup started coverage on shares of General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $72.18.

Insider Buying and Selling

In related news, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction on Monday, January 29th. The shares were 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 filing with the SEC, which is available through the SEC website. Insiders have sold a total of 17,726 shares of company stock worth $1,187,811 in the last 90 days. 0.24% of the stock is owned by company insiders.

General Mills Price Performance

Shares of General Mills stock traded down $0.55 on Friday, hitting $70.83. 3,782,853 shares of the company traded hands, compared to its average volume of 4,253,771. The firm’s 50-day simple moving average is $67.52 and its 200 day simple moving average is $65.53. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The company has a market cap of $40.22 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.47 and a beta of 0.15. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. Analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

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

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