6,471 Shares in General Mills, Inc. (NYSE:GIS) Bought by Headlands Technologies LLC

Headlands Technologies LLC bought a new position in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,471 shares of the company’s stock, valued at approximately $422,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Operose Advisors LLC boosted its stake in General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after buying an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in General Mills during the fourth quarter worth $28,000. Authentikos Wealth Advisory LLC acquired a new stake in General Mills during the third quarter worth $31,000. HHM Wealth Advisors LLC acquired a new stake in General Mills during the third quarter worth $32,000. Finally, Fortitude Family Office LLC acquired a new stake in General Mills during the fourth quarter worth $40,000. Institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 17,726 shares of company stock worth $1,187,811. 0.24% of the stock is owned by company insiders.

General Mills Trading Down 0.8 %

NYSE:GIS traded down $0.55 on Friday, hitting $70.83. 4,170,378 shares of the stock were exchanged, compared to its average volume of 3,758,869. The stock has a market capitalization of $40.22 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 2.46 and a beta of 0.15. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The company’s 50-day moving average price is $67.65 and its 200 day moving average price is $65.58.

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

General Mills Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.33%. General Mills’s dividend payout ratio is presently 54.13%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GIS shares. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 price target on shares of General Mills in a research note on Monday, April 22nd. Barclays boosted their target price on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. TD Cowen boosted their target price on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. boosted their target price on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Citigroup started coverage on shares of General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, General Mills has a consensus rating of “Hold” and an average target price 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.