General Mills, Inc. (NYSE:GIS) Stock Holdings Increased by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 47.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,914 shares of the company’s stock after buying an additional 1,576 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in General Mills were worth $313,000 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. acquired a new position in shares of General Mills in the 4th quarter valued at $26,000. Planning Capital Management Corp increased its stake in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in General Mills during the 3rd quarter worth about $44,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Mills during the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Down 1.5 %

General Mills stock opened at $58.98 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 1-year low of $57.94 and a 1-year high of $75.90. The firm’s fifty day simple moving average is $62.87 and its 200-day simple moving average is $67.30. The company has a market capitalization of $32.51 billion, a P/E ratio of 12.82, a P/E/G ratio of 3.88 and a beta of 0.10.

General Mills (NYSE:GIS) last posted its earnings results 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 company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. Sell-side analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.07%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analysts Set New Price Targets

GIS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price 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. JPMorgan Chase & Co. boosted their target price on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. Stifel Nicolaus lowered their price target on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Wells Fargo & Company reduced their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Mills currently has an average rating of “Hold” and a consensus price target of $70.94.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction that occurred 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 directly owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was 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 owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

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 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.