Juncture Wealth Strategies LLC Buys 299 Shares of General Mills, Inc. (NYSE:GIS)

Juncture Wealth Strategies LLC grew its stake in General Mills, Inc. (NYSE:GIS) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 6,043 shares of the company’s stock after purchasing an additional 299 shares during the period. Juncture Wealth Strategies LLC’s holdings in General Mills were worth $385,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its holdings in General Mills by 9.4% during the third quarter. State Street Corp now owns 33,502,737 shares of the company’s stock worth $2,474,177,000 after acquiring an additional 2,867,678 shares during the period. Nordea Investment Management AB increased its holdings in General Mills by 64.5% during the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after buying an additional 3,058,414 shares during the last quarter. JPMorgan Chase & Co. raised its position in General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after acquiring an additional 2,926,232 shares during the period. Legal & General Group Plc grew its position in shares of General Mills by 6.1% during the 2nd quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock valued at $356,151,000 after acquiring an additional 323,090 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of General Mills by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,823,254 shares of the company’s stock worth $282,347,000 after purchasing an additional 263,188 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GIS. Stifel Nicolaus decreased their target price on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research report on Friday. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $78.00 to $80.00 in a report on Friday, December 13th. TD Cowen decreased their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company dropped their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Barclays lowered their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.94.

General Mills Price Performance

GIS stock opened at $60.37 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The firm’s 50-day moving average price is $63.31 and its two-hundred day moving average price is $67.38. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 13.12, a PEG 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.

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

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders 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 yield of 3.98%. General Mills’s payout ratio is presently 52.17%.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maria Sastre sold 1,000 shares of the 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 sale, the director now directly owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

General Mills Company 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.