General Mills, Inc. (NYSE:GIS) Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its holdings in General Mills, Inc. (NYSE:GIS) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,668 shares of the company’s stock after purchasing an additional 7,016 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in General Mills were worth $6,292,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in General Mills by 22.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock worth $17,565,000 after purchasing an additional 43,086 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after acquiring an additional 2,926,232 shares in the last quarter. J2 Capital Management Inc acquired a new position in General Mills in the 4th quarter worth approximately $547,000. Crossmark Global Holdings Inc. grew its position in General Mills by 129.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock worth $13,649,000 after purchasing an additional 104,436 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after purchasing an additional 3,058,414 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Price Performance

NYSE:GIS opened at $60.37 on Friday. The firm has a market cap of $33.28 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 3.70 and a beta of 0.11. General Mills, Inc. has a 12 month low of $57.94 and a 12 month high of $75.90. The company’s 50-day moving average price is $63.31 and its two-hundred day moving average price is $67.38. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 earnings per share. On average, equities analysts anticipate that General Mills, Inc. will post 4.42 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.98%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Ratings Changes

Several research firms recently weighed in on GIS. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $80.00 in a research report on Friday, December 13th. TD Cowen cut their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft cut their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Stifel Nicolaus dropped their price objective on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $70.94.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the transaction, the director now owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

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.