Juncture Wealth Strategies LLC Has $385,000 Stock Position in General Mills, Inc. (NYSE:GIS)

Juncture Wealth Strategies LLC increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 5.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,043 shares of the company’s stock after acquiring an additional 299 shares during the period. Juncture Wealth Strategies LLC’s holdings in General Mills were worth $385,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its holdings in General Mills by 22.1% during the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock worth $17,565,000 after purchasing an additional 43,086 shares during the period. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 2,926,232 shares during the period. J2 Capital Management Inc bought a new position in shares of General Mills during the 4th quarter worth approximately $547,000. Crossmark Global Holdings Inc. increased its holdings in shares of General Mills by 129.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock worth $13,649,000 after acquiring an additional 104,436 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in General Mills by 64.5% in 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. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Performance

General Mills stock opened at $60.37 on Friday. The business has a 50 day moving average of $63.31 and a 200-day moving average of $67.38. The company has a market capitalization of $33.28 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.70 and a beta of 0.11. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.98%. General Mills’s payout ratio is 52.17%.

Insider Buying and Selling

In related news, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $67,144.50. Following 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 disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on GIS shares. Barclays decreased their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Citigroup decreased their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. TD Cowen cut their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Finally, Stifel Nicolaus dropped their price target on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus price target of $70.94.

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.