CreativeOne Wealth LLC Purchases 7,112 Shares of General Mills, Inc. (NYSE:GIS)

CreativeOne Wealth LLC increased its position in General Mills, Inc. (NYSE:GIS) by 53.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,474 shares of the company’s stock after acquiring an additional 7,112 shares during the period. CreativeOne Wealth LLC’s holdings in General Mills were worth $1,306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in shares of General Mills in the 4th quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills in the fourth quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills during the 4th quarter worth $31,000. VSM Wealth Advisory LLC bought a new stake in shares of General Mills during the 4th quarter valued at $32,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of General Mills in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Performance

NYSE GIS opened at $56.52 on Thursday. The stock has a market capitalization of $31.16 billion, a PE ratio of 12.29, a P/E/G ratio of 1.94 and a beta of 0.15. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. The business has a 50 day simple moving average of $59.52 and a two-hundred day simple moving average of $63.18. 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 announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. General Mills’s quarterly revenue was down 5.1% on a year-over-year basis. On average, research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The firm 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Thursday, April 10th. General Mills’s payout ratio is 52.75%.

Wall Street Analyst Weigh In

A number of analysts have commented on GIS shares. JPMorgan Chase & Co. reduced their price target on General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Stifel Nicolaus reduced their target price on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Monday, March 17th. Jefferies Financial Group increased their price objective on shares of General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. One equities 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. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average price target of $65.69.

General Mills Company 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.