ORG Partners LLC Boosts Stock Position in General Mills, Inc. (NYSE:GIS)

ORG Partners LLC boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 23.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 915 shares of the company’s stock after acquiring an additional 173 shares during the quarter. ORG Partners LLC’s holdings in General Mills were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Cibc World Market Inc. raised its position in shares of General Mills by 4.8% in the 1st quarter. Cibc World Market Inc. now owns 22,026 shares of the company’s stock worth $1,492,000 after acquiring an additional 1,003 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of General Mills by 45.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,867 shares of the company’s stock worth $397,000 after purchasing an additional 1,828 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of General Mills by 2.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 73,176 shares of the company’s stock worth $4,955,000 after purchasing an additional 1,503 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of General Mills by 2.3% in the 1st quarter. Baird Financial Group Inc. now owns 279,604 shares of the company’s stock worth $18,935,000 after purchasing an additional 6,176 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of General Mills by 15.3% in the 1st quarter. Covestor Ltd now owns 1,834 shares of the company’s stock worth $124,000 after purchasing an additional 244 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 7,671 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65. Following the sale, the insider now directly owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 approximately $20,523,044.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathon Nudi sold 7,671 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the transaction, the insider now directly owns 102,924 shares in the company, valued at approximately $6,602,574.60. The disclosure for this sale can be found here. Insiders have sold 77,782 shares of company stock valued at $5,057,820 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

General Mills Stock Up 1.7 %

NYSE GIS opened at $67.31 on Tuesday. The stock’s 50 day moving average is $66.43 and its 200 day moving average is $65.17. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The stock has a market cap of $38.23 billion, a PE ratio of 15.44, a P/E/G ratio of 2.28 and a beta of 0.15.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) 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 analysts’ expectations of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Research analysts predict that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.51%. General Mills’s dividend payout ratio (DPR) is 54.13%.

Analyst Ratings Changes

Several equities research analysts recently commented on GIS shares. JPMorgan Chase & Co. lifted their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Mizuho lifted their price objective on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Bank of America lifted their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Citigroup started coverage on General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective for the company. Finally, TD Cowen lifted their price objective on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Two research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.18.

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