Pine Valley Investments Ltd Liability Co Buys 13,827 Shares of General Mills, Inc. (NYSE:GIS)

Pine Valley Investments Ltd Liability Co boosted its stake in General Mills, Inc. (NYSE:GIS) by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,392 shares of the company’s stock after purchasing an additional 13,827 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in General Mills were worth $3,596,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in General Mills by 6,114.0% during the 3rd quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock worth $33,266,000 after acquiring an additional 443,202 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of General Mills by 20.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,289 shares of the company’s stock valued at $3,517,000 after purchasing an additional 8,053 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of General Mills by 41.1% during the third quarter. Forsta AP Fonden now owns 153,500 shares of the company’s stock worth $11,336,000 after purchasing an additional 44,700 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of General Mills by 15.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 913,326 shares of the company’s stock valued at $67,854,000 after buying an additional 119,955 shares during the period. Finally, Carret Asset Management LLC bought a new position in General Mills in the 3rd quarter valued at approximately $232,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GIS shares. Mizuho decreased their price target on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a report on Thursday, December 19th. Stifel Nicolaus reduced their price target on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Finally, Bank of America cut their price objective on General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $69.88.

General Mills Stock Up 0.5 %

General Mills stock opened at $61.32 on Tuesday. The company has a market capitalization of $33.80 billion, a PE ratio of 13.33, a PEG ratio of 1.94 and a beta of 0.10. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90. The firm’s fifty day moving average is $60.81 and its 200 day moving average is $66.48. 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 announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.91%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s 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 completion of the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate 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.