7,474 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,474 shares of the company’s stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GIS. FWL Investment Management LLC purchased a new position in General Mills during the fourth quarter worth $25,000. Almanack Investment Partners LLC. acquired a new stake in General Mills in the third quarter worth approximately $28,000. Intrepid Capital Management Inc. bought a new stake in shares of General Mills in the 2nd quarter worth $28,000. Operose Advisors LLC grew its holdings in General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares during the period. Finally, Bruce G. Allen Investments LLC acquired a new stake in General Mills during the fourth quarter valued at approximately $28,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Mizuho raised their price objective on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Citigroup initiated coverage on shares of General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target on the stock. Stifel Nicolaus increased their target price on General Mills from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, Evercore ISI decreased their price target on General Mills from $75.00 to $72.00 and set an “in-line” rating on the stock in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.18.

General Mills Price Performance

NYSE GIS traded up $0.31 during trading hours on Thursday, hitting $69.97. The company had a trading volume of 5,823,651 shares, compared to its average volume of 4,351,226. The firm has a market capitalization of $39.74 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 2.36 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a 50 day simple moving average of $65.01 and a 200 day simple moving average of $64.79. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. Equities research analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 54.13%.

Insiders Place Their Bets

In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the sale, the chief executive officer now owns 318,483 shares in the company, valued at $20,523,044.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other General Mills news, CEO Jeffrey L. Harmening sold 60,056 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total value of $3,870,008.64. Following the transaction, the chief executive officer now owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now directly owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The disclosure for this sale can be found here. Insiders sold 77,782 shares of company stock valued at $5,057,820 in the last three months. 0.24% of the stock is currently owned by insiders.

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