117,056 Shares in General Mills, Inc. (NYSE:GIS) Bought by Moran Wealth Management LLC

Moran Wealth Management LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 117,056 shares of the company’s stock, valued at approximately $7,465,000.

Several other institutional investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of General Mills by 6.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 570,057 shares of the company’s stock valued at $36,353,000 after buying an additional 35,648 shares in the last quarter. Fairscale Capital LLC raised its position in General Mills by 30.2% during the fourth quarter. Fairscale Capital LLC now owns 871 shares of the company’s stock valued at $56,000 after purchasing an additional 202 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of General Mills by 24.0% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 11,461 shares of the company’s stock valued at $731,000 after purchasing an additional 2,220 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in shares of General Mills by 17.1% in the 4th quarter. Sowell Financial Services LLC now owns 61,644 shares of the company’s stock worth $3,931,000 after purchasing an additional 9,019 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of General Mills in the 4th quarter worth approximately $9,289,000. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other General Mills news, 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 sale, the insider now 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 document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

General Mills Stock Up 1.0 %

General Mills stock opened at $65.15 on Tuesday. The business’s 50-day simple moving average is $60.37 and its two-hundred day simple moving average is $65.93. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The company has a market cap of $35.91 billion, a PE ratio of 14.16, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. Equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.68%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GIS. Bank of America lowered their price target on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company lowered their target price on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Stifel Nicolaus decreased their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, General Mills currently has an average rating of “Hold” and a consensus target price of $68.65.

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.