General Mills, Inc. (NYSE:GIS) Shares Acquired by Cidel Asset Management Inc.

Cidel Asset Management Inc. boosted its holdings in General Mills, Inc. (NYSE:GIS) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,723 shares of the company’s stock after buying an additional 298 shares during the quarter. Cidel Asset Management Inc.’s holdings in General Mills were worth $492,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Values First Advisors Inc. bought a new stake in shares of General Mills during the 3rd quarter worth $27,000. Endeavor Private Wealth Inc. purchased a new stake in shares of General Mills during the fourth quarter valued at $26,000. Planning Capital Management Corp boosted its position in shares of General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the period. Catalyst Capital Advisors LLC purchased a new position in General Mills in the 3rd quarter worth about $44,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Mills during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction 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 approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The transaction was disclosed in a filing 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 on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the transaction, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. This trade 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.94.

General Mills Stock Performance

GIS stock opened at $58.86 on Friday. The firm has a 50 day moving average of $62.31 and a two-hundred day moving average of $67.12. General Mills, Inc. has a 12 month low of $57.94 and a 12 month high of $75.90. The company has a market capitalization of $32.45 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 3.82 and a beta of 0.10. 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 issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the company posted $1.25 earnings per share. General Mills’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.08%. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

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.