General Mills, Inc. (NYSE:GIS) Shares Acquired by Cypress Capital LLC

Cypress Capital LLC increased its position in shares of General Mills, Inc. (NYSE:GIS) by 31.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 39,602 shares of the company’s stock after purchasing an additional 9,531 shares during the quarter. General Mills comprises about 0.7% of Cypress Capital LLC’s holdings, making the stock its 25th largest position. Cypress Capital LLC’s holdings in General Mills were worth $2,525,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GIS. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of General Mills in the 3rd quarter valued at approximately $262,000. International Assets Investment Management LLC raised its stake in shares of General Mills by 6,114.0% in the 3rd quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock valued at $33,266,000 after acquiring an additional 443,202 shares during the period. YHB Investment Advisors Inc. purchased a new stake in shares of General Mills in the 3rd quarter valued at approximately $209,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of General Mills by 10.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 41,697 shares of the company’s stock valued at $3,079,000 after acquiring an additional 3,988 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in shares of General Mills by 1.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 114,390 shares of the company’s stock valued at $8,448,000 after acquiring an additional 1,142 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 3.1 %

Shares of NYSE:GIS opened at $61.02 on Friday. The company’s 50 day moving average is $60.89 and its two-hundred day moving average is $66.56. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. 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 company has a market cap of $33.63 billion, a PE ratio of 13.26, a P/E/G ratio of 3.76 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its earnings results 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 quarter in the prior year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts predict that General Mills, Inc. will post 4.38 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, April 10th. General Mills’s payout ratio is 52.17%.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GIS. Wells Fargo & Company reduced their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research note on Thursday, December 19th. TD Cowen reduced their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Mizuho cut their target price on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, Barclays cut their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $69.88.

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.