Gladstone Institutional Advisory LLC Has $304,000 Holdings in General Mills, Inc. (NYSE:GIS)

Gladstone Institutional Advisory LLC boosted its position in General Mills, Inc. (NYSE:GIS) by 6.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,765 shares of the company’s stock after purchasing an additional 268 shares during the period. Gladstone Institutional Advisory LLC’s holdings in General Mills were worth $304,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in shares of General Mills by 22.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after purchasing an additional 43,086 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after buying an additional 2,926,232 shares in the last quarter. J2 Capital Management Inc acquired a new stake in shares of General Mills during the 4th quarter worth approximately $547,000. Crossmark Global Holdings Inc. increased its stake in shares of General Mills by 129.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock valued at $13,649,000 after acquiring an additional 104,436 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after acquiring an additional 3,058,414 shares during the period. Institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

General Mills Stock Down 1.2 %

GIS stock opened at $58.85 on Friday. The stock has a market cap of $32.44 billion, a P/E ratio of 12.79, a P/E/G ratio of 3.82 and a beta of 0.10. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock’s fifty day simple moving average is $61.61 and its two-hundred day simple moving average is $66.88. General Mills, Inc. has a 1-year low of $57.85 and a 1-year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly 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 during 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 firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. Analysts expect that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analysts Set New Price Targets

GIS has been the subject of a number of research reports. Barclays reduced their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and lifted their price target for the company from $78.00 to $80.00 in a research report on Friday, December 13th. Stifel Nicolaus lowered their price objective on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Mizuho reduced their price objective on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, General Mills currently has an average rating of “Hold” and a consensus price target of $71.13.

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.