General Mills, Inc. (NYSE:GIS) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 29.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,198 shares of the company’s stock after buying an additional 3,012 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in General Mills were worth $842,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GIS. RFG Advisory LLC increased its holdings in shares of General Mills by 2.6% in the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after purchasing an additional 172 shares during the period. TCW Group Inc. grew its position in General Mills by 0.8% in the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock valued at $1,471,000 after buying an additional 194 shares during the last quarter. Quadrant Private Wealth Management LLC raised its position in General Mills by 3.7% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock worth $356,000 after buying an additional 197 shares during the last quarter. Howard Capital Management Inc. lifted its stake in shares of General Mills by 5.3% in the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock worth $250,000 after acquiring an additional 198 shares during the period. Finally, Byrne Asset Management LLC boosted its holdings in shares of General Mills by 20.0% in the fourth quarter. Byrne Asset Management LLC now owns 1,200 shares of the company’s stock valued at $77,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares of the company’s stock, valued at $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GIS shares. Barclays cut their price target on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. Mizuho reduced their price target on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Morgan Stanley assumed coverage on General Mills in a report on Monday, March 24th. They set an “underweight” rating and a $53.00 price objective on the stock. Wells Fargo & Company reduced their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Finally, Jefferies Financial Group upped their price target on shares of General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.00.

General Mills Price Performance

GIS stock opened at $56.16 on Friday. The stock’s 50 day moving average price is $59.32 and its 200 day moving average price is $62.40. The firm has a market cap of $30.96 billion, a P/E ratio of 12.21, a PEG ratio of 1.94 and a beta of 0.15. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the business earned $1.17 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.75%.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.