Sigma Planning Corp Has $2.47 Million Stake in General Mills, Inc. (GIS)

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Sigma Planning Corp increased its position in General Mills, Inc. (NYSE:GIS) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,532 shares of the company’s stock after purchasing an additional 4,184 shares during the quarter. Sigma Planning Corp’s holdings in General Mills were worth $2,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. We Are One Seven LLC acquired a new stake in General Mills in the fourth quarter valued at $30,000. Legacy Financial Advisors Inc. raised its holdings in General Mills by 80.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,294 shares of the company’s stock valued at $50,000 after acquiring an additional 576 shares in the last quarter. G&S Capital LLC raised its holdings in General Mills by 27.8% in the fourth quarter. G&S Capital LLC now owns 1,403 shares of the company’s stock valued at $55,000 after acquiring an additional 305 shares in the last quarter. Northwest Wealth Management LLC raised its holdings in General Mills by 23.1% in the fourth quarter. Northwest Wealth Management LLC now owns 1,441 shares of the company’s stock valued at $56,000 after acquiring an additional 270 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in General Mills by 25.4% in the third quarter. Cornerstone Advisors Inc. now owns 1,387 shares of the company’s stock valued at $60,000 after acquiring an additional 281 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

GIS has been the topic of a number of research reports. Credit Suisse Group dropped their target price on shares of General Mills from $46.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, December 20th. Jefferies Financial Group set a $55.00 target price on shares of General Mills and gave the stock a “buy gis” rating in a report on Monday, December 24th. ValuEngine raised shares of General Mills from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Bank of America reissued a “neutral” rating and set a $45.00 target price (down from $49.00) on shares of General Mills in a report on Friday, December 7th. Finally, UBS Group reissued a “buy” rating and set a $40.00 target price on shares of General Mills in a report on Friday, December 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. General Mills currently has an average rating of “Hold” and an average price target of $47.45.

GIS stock opened at $44.61 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.36 and a current ratio of 0.58. General Mills, Inc. has a fifty-two week low of $36.42 and a fifty-two week high of $56.90. The stock has a market capitalization of $26.62 billion, a P/E ratio of 14.34, a PEG ratio of 1.96 and a beta of 0.76.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 19th. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.04. General Mills had a net margin of 12.48% and a return on equity of 29.44%. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts forecast that General Mills, Inc. will post 3.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.39%. General Mills’s dividend payout ratio (DPR) is presently 63.02%.

In related news, Director R Kerry Clark sold 7,849 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $44.26, for a total value of $347,396.74. Following the sale, the director now owns 30,215 shares of the company’s stock, valued at approximately $1,337,315.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by company insiders.

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About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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