Headlands Technologies LLC Takes Position in General Mills, Inc. (NYSE:GIS)

Headlands Technologies LLC acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,471 shares of the company’s stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GIS. Kovack Advisors Inc. boosted its position in shares of General Mills by 4.8% during the fourth quarter. Kovack Advisors Inc. now owns 16,505 shares of the company’s stock valued at $1,075,000 after buying an additional 749 shares during the last quarter. First Fiduciary Investment Counsel Inc. boosted its position in shares of General Mills by 8.7% during the fourth quarter. First Fiduciary Investment Counsel Inc. now owns 5,722 shares of the company’s stock valued at $373,000 after buying an additional 456 shares during the last quarter. Syon Capital LLC boosted its position in shares of General Mills by 114.0% during the fourth quarter. Syon Capital LLC now owns 9,004 shares of the company’s stock valued at $587,000 after buying an additional 4,797 shares during the last quarter. Bailard Inc. boosted its position in General Mills by 121.1% in the fourth quarter. Bailard Inc. now owns 18,820 shares of the company’s stock worth $1,226,000 after purchasing an additional 10,308 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in General Mills by 1.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 26,428 shares of the company’s stock worth $1,722,000 after purchasing an additional 454 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of NYSE:GIS traded down $0.55 during midday trading on Friday, reaching $70.83. 4,170,378 shares of the company traded hands, compared to its average volume of 3,758,869. The firm has a market capitalization of $40.22 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 2.46 and a beta of 0.15. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average price is $67.65 and its two-hundred day moving average price is $65.58. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. On average, equities analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on GIS shares. Morgan Stanley boosted their price objective on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. Mizuho boosted their price objective on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Wells Fargo & Company boosted their price objective on General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. upped their price target on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, TD Cowen upped their price target on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average target price of $72.18.

Insiders Place Their Bets

In other General Mills news, insider Jonathon Nudi sold 7,671 shares of the company’s stock in a transaction dated 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 directly owns 102,924 shares in the company, valued at approximately $6,602,574.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 17,726 shares of company stock worth $1,187,811 in the last ninety days. 0.24% of the stock is currently owned by insiders.

General Mills 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.