Linscomb Wealth Inc. Has $7.37 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Linscomb Wealth Inc. grew its stake in shares of General Mills, Inc. (NYSE:GIS) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,527 shares of the company’s stock after acquiring an additional 261 shares during the period. Linscomb Wealth Inc.’s holdings in General Mills were worth $7,367,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GIS. Endeavor Private Wealth Inc. acquired a new stake in General Mills during the 4th quarter worth approximately $26,000. Planning Capital Management Corp increased its position in General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after buying an additional 193 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of General Mills during the fourth quarter worth $34,000. Catalyst Capital Advisors LLC bought a new stake in shares of General Mills in the third quarter valued at about $44,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Mills in the fourth quarter valued at about $38,000. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of GIS stock opened at $59.99 on Friday. The stock has a market capitalization of $33.07 billion, a PE ratio of 13.04, a PEG ratio of 1.94 and a beta of 0.10. The business’s 50 day simple moving average is $60.55 and its 200 day simple moving average is $66.33. 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, Inc. has a one year low of $55.15 and a one year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. 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 prior year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 4.00%. General Mills’s payout ratio is currently 52.17%.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the 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 transaction, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup cut their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Bank of America cut their price target on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Barclays cut their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, Stifel Nicolaus decreased their price target on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.06.

About General Mills

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.