Pinnacle Financial Partners Inc Purchases 2,166 Shares of General Mills, Inc. (NYSE:GIS)

Pinnacle Financial Partners Inc lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,643 shares of the company’s stock after acquiring an additional 2,166 shares during the period. Pinnacle Financial Partners Inc’s holdings in General Mills were worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GIS. IHT Wealth Management LLC increased its holdings in shares of General Mills by 2.2% in the 1st quarter. IHT Wealth Management LLC now owns 5,817 shares of the company’s stock worth $497,000 after purchasing an additional 126 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of General Mills by 2.1% during the 4th quarter. Atlas Capital Advisors LLC now owns 6,575 shares of the company’s stock valued at $551,000 after acquiring an additional 136 shares during the last quarter. L.M. Kohn & Company grew its stake in shares of General Mills by 2.6% in the third quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock worth $386,000 after acquiring an additional 155 shares during the period. Traverso Chambers Private Wealth Management LLC raised its holdings in shares of General Mills by 1.0% during the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after purchasing an additional 156 shares during the last quarter. Finally, TrueWealth Advisors LLC lifted its position in General Mills by 4.3% during the third quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock valued at $246,000 after purchasing an additional 158 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Stock Up 0.6 %

Shares of GIS opened at $70.57 on Wednesday. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $40.08 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.15. The business’s 50 day moving average is $65.55 and its 200 day moving average is $64.91.

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

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 318,483 shares in the company, valued at $20,523,044.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other General Mills news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the sale, the chief executive officer now owns 318,483 shares in the company, valued at $20,523,044.52. The disclosure for this sale can be found here. Insiders sold a total of 77,782 shares of company stock worth $5,057,820 over the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup started coverage on shares of General Mills in a research note on Thursday, February 1st. They set a “neutral” rating and a $67.00 target price for the company. JPMorgan Chase & Co. raised their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Morgan Stanley upped their price target on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” 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 stock a “neutral” rating in a report on Thursday, March 21st. Finally, TD Cowen upped their target price on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Two 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.18.

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.