MCIA Inc Acquires 6,890 Shares of General Mills, Inc. (NYSE:GIS)

MCIA Inc grew its holdings in shares of General Mills, Inc. (NYSE:GIS – Get Rating) by 26.8% in the fourth quarter, HoldingsChannel reports. The fund owned 32,588 shares of the company’s stock after purchasing an additional 6,890 shares during the quarter. General Mills makes up about 1.2% of MCIA Inc’s portfolio, making the stock its 16th largest holding. MCIA Inc’s holdings in General Mills were worth $2,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GIS. Almanack Investment Partners LLC. bought a new stake in shares of General Mills during the 3rd quarter valued at $28,000. Capital Analysts LLC boosted its holdings in General Mills by 95.0% in the 2nd quarter. Capital Analysts LLC now owns 390 shares of the company’s stock worth $29,000 after buying an additional 190 shares during the period. Selway Asset Management bought a new position in General Mills in the 3rd quarter worth $31,000. TD Capital Management LLC bought a new position in General Mills in the 3rd quarter worth $33,000. Finally, Carolinas Wealth Consulting LLC boosted its holdings in General Mills by 50.7% in the 3rd quarter. Carolinas Wealth Consulting LLC now owns 428 shares of the company’s stock worth $33,000 after buying an additional 144 shares during the period. Institutional investors own 74.48% of the company’s stock.

General Mills Price Performance

Shares of NYSE GIS traded down $0.68 during mid-day trading on Friday, hitting $79.79. 8,367,895 shares of the company’s stock traded hands, compared to its average volume of 3,543,136. The company’s 50-day moving average is $78.79 and its two-hundred day moving average is $79.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.58 and a quick ratio of 0.35. The company has a market capitalization of $47.05 billion, a P/E ratio of 16.66, a PEG ratio of 2.56 and a beta of 0.28. General Mills, Inc. has a 1 year low of $61.67 and a 1 year high of $88.34.

General Mills (NYSE:GIS – Get Rating) last announced its earnings results on Tuesday, December 20th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.15 billion. General Mills had a net margin of 15.02% and a return on equity of 24.09%. On average, equities analysts anticipate that General Mills, Inc. will post 4.18 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Monday, April 10th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, April 6th. General Mills’s dividend payout ratio is 45.09%.

Insider Activity

In related news, CAO Mark A. Pallot sold 1,955 shares of the stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $85.99, for a total value of $168,110.45. Following the sale, the chief accounting officer now directly owns 17,146 shares of the company’s stock, valued at approximately $1,474,384.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Mark A. Pallot sold 1,955 shares of the stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $85.99, for a total value of $168,110.45. Following the sale, the chief accounting officer now directly owns 17,146 shares of the company’s stock, valued at approximately $1,474,384.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathon Nudi sold 10,894 shares of the stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $84.49, for a total transaction of $920,434.06. Following the completion of the sale, the insider now directly owns 82,784 shares in the company, valued at $6,994,420.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,006 shares of company stock worth $3,393,359. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GIS has been the subject of several recent analyst reports. Credit Suisse Group upped their target price on shares of General Mills from $77.00 to $82.00 and gave the stock a “neutral” rating in a report on Wednesday, December 21st. Stifel Nicolaus upped their target price on shares of General Mills from $82.00 to $84.00 and gave the stock a “hold” rating in a report on Wednesday, February 22nd. Piper Sandler upped their target price on shares of General Mills from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. Wells Fargo & Company assumed coverage on shares of General Mills in a report on Tuesday, January 3rd. They set an “equal weight” rating and a $88.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on shares of General Mills from $72.00 to $76.00 and gave the company a “sector perform” rating in a report on Wednesday, December 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, General Mills presently has an average rating of “Hold” and an average target price of $82.94.

About General Mills

(Get Rating)

General Mills, Inc engages in the manufacture and marketing of branded consumer foods sold through retail stores. The firm operates through the following segments: North America Retail, Europe & Australia, Convenience Stores & Foodservice, Pet, and Asia & Latin America. The North America Retail segment includes grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains and e-commerce grocery providers.