General Mills, Inc. (NYSE:GIS) Stake Increased by Compass Wealth Management LLC

Compass Wealth Management LLC raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 43.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,430 shares of the company’s stock after acquiring an additional 430 shares during the quarter. Compass Wealth Management LLC’s holdings in General Mills were worth $91,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GIS. Thrivent Financial for Lutherans increased its holdings in General Mills by 6.4% in the second quarter. Thrivent Financial for Lutherans now owns 42,121 shares of the company’s stock valued at $2,664,000 after buying an additional 2,528 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of General Mills by 70.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 21,535 shares of the company’s stock worth $1,362,000 after acquiring an additional 8,887 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of General Mills by 59.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 108,126 shares of the company’s stock valued at $6,840,000 after acquiring an additional 40,324 shares during the last quarter. AXA S.A. raised its position in shares of General Mills by 3.7% during the 2nd quarter. AXA S.A. now owns 340,430 shares of the company’s stock valued at $21,536,000 after acquiring an additional 12,128 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in General Mills by 6.4% during the second quarter. AQR Capital Management LLC now owns 1,157,232 shares of the company’s stock worth $73,206,000 after purchasing an additional 69,902 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Performance

Shares of GIS opened at $60.37 on Friday. The firm has a market capitalization of $33.28 billion, a PE ratio of 13.12, a P/E/G ratio of 3.70 and a beta of 0.11. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $63.31 and a 200 day moving average price of $67.38. General Mills, Inc. has a 52-week low of $57.94 and a 52-week high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the firm posted $1.25 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.42 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 Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio is presently 52.17%.

Insider Activity

In related news, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This 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 available at the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GIS. Citigroup dropped their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $80.00 in a research note on Friday, December 13th. TD Cowen decreased their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Stifel Nicolaus dropped their price target on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Barclays reduced their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.94.

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.