General Mills, Inc. (GIS) Stake Increased by Carroll Financial Associates Inc.
Carroll Financial Associates Inc. lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 34.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,740 shares of the company’s stock after buying an additional 1,979 shares during the quarter. Carroll Financial Associates Inc.’s holdings in General Mills were worth $400,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of GIS. Acima Private Wealth LLC purchased a new stake in shares of General Mills during the 4th quarter worth approximately $29,000. We Are One Seven LLC purchased a new stake in shares of General Mills during the 4th quarter worth approximately $30,000. Legacy Advisors LLC purchased a new stake in shares of General Mills during the 1st quarter worth approximately $31,000. BDO Wealth Advisors LLC purchased a new stake in shares of General Mills during the 4th quarter worth approximately $37,000. Finally, Sageworth Trust Co purchased a new stake in shares of General Mills during the 1st quarter worth approximately $49,000. Institutional investors and hedge funds own 68.88% of the company’s stock.
GIS stock opened at $51.72 on Friday. General Mills, Inc. has a 12 month low of $36.42 and a 12 month high of $52.17. The firm has a market capitalization of $30.97 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. The company has a quick ratio of 0.35, a current ratio of 0.55 and a debt-to-equity ratio of 1.61.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.96 annualized dividend and a yield of 3.79%. General Mills’s dividend payout ratio is currently 63.02%.
GIS has been the subject of several recent analyst reports. ValuEngine upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Jefferies Financial Group set a $55.00 price objective on shares of General Mills and gave the stock a “buy gis” rating in a research report on Monday, December 24th. Deutsche Bank upgraded shares of General Mills from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $43.00 to $54.00 in a research report on Thursday, March 14th. TheStreet upgraded shares of General Mills from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. Finally, Standpoint Research downgraded shares of General Mills from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $49.91.
In other General Mills news, Director R Kerry Clark sold 7,849 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $44.26, for a total value of $347,396.74. Following the transaction, the director now directly owns 30,215 shares of the company’s stock, valued at approximately $1,337,315.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Donal L. Mulligan sold 120,722 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $47.50, for a total transaction of $5,734,295.00. Following the completion of the transaction, the chief financial officer now directly owns 252,326 shares in the company, valued at $11,985,485. The disclosure for this sale can be found here. Insiders sold a total of 452,071 shares of company stock worth $22,112,181 over the last three months. 0.59% of the stock is currently owned by corporate 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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