NewSquare Capital LLC Has $307,000 Holdings in General Mills, Inc. (NYSE:GIS)

NewSquare Capital LLC lifted its position in General Mills, Inc. (NYSE:GIS) by 8.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,709 shares of the company’s stock after buying an additional 355 shares during the period. NewSquare Capital LLC’s holdings in General Mills were worth $307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC boosted its position in shares of General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after buying an additional 274 shares during the period. Bruce G. Allen Investments LLC purchased a new position in shares of General Mills during the 4th quarter valued at $28,000. Authentikos Wealth Advisory LLC purchased a new position in General Mills in the third quarter valued at about $31,000. HHM Wealth Advisors LLC acquired a new position in General Mills in the 3rd quarter worth about $32,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of General Mills during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Performance

GIS stock traded up $0.78 on Wednesday, reaching $71.60. 2,174,992 shares of the company were exchanged, compared to its average volume of 4,247,623. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The stock’s fifty day moving average price is $67.17 and its 200 day moving average price is $65.45. The firm has a market capitalization of $40.66 billion, a PE ratio of 16.24, a PEG ratio of 2.46 and a beta of 0.15.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 54.13%.

Insider Activity at General Mills

In other news, insider Jonathon Nudi sold 7,671 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $64.15, for a total transaction of $492,094.65. Following the completion of the transaction, the insider now directly owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 17,726 shares of company stock worth $1,187,811. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup assumed coverage on General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $72.00 price objective on shares of General Mills in a report on Thursday, March 21st. Bank of America raised their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, Barclays boosted their price target on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus target price of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.