AssuredPartners Investment Advisors LLC Invests $362,000 in General Mills, Inc. (NYSE:GIS)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the 4th quarter, Holdings Channel reports. The fund purchased 5,670 shares of the company’s stock, valued at approximately $362,000.

Other hedge funds have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new position in shares of General Mills in the 4th quarter valued at about $26,000. CBIZ Investment Advisory Services LLC acquired a new position in General Mills in the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Mills in the 4th quarter worth approximately $31,000. VSM Wealth Advisory LLC acquired 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 position in shares of General Mills during the 4th quarter valued at $34,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GIS. Stifel Nicolaus cut their price objective on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Barclays reduced their price target on General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price objective on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Bank of America reduced their target price on shares of General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Finally, Citigroup dropped their price target on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.69.

Insider Activity

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 sale, the chief executive officer now owns 353,346 shares in the company, 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 at this link. 0.26% of the stock is currently owned by company insiders.

General Mills Trading Down 1.0 %

Shares of GIS stock opened at $59.09 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The firm’s fifty day simple moving average is $59.97 and its 200 day simple moving average is $64.74. The firm has a market capitalization of $32.57 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The company 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 dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is presently 52.75%.

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.