ORG Partners LLC Has $60,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

ORG Partners LLC increased its holdings in General Mills, Inc. (NYSE:GIS) by 23.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 915 shares of the company’s stock after purchasing an additional 173 shares during the period. ORG Partners LLC’s holdings in General Mills were worth $60,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. IHT Wealth Management LLC increased its holdings in shares of General Mills by 2.2% during the first quarter. IHT Wealth Management LLC now owns 5,817 shares of the company’s stock worth $497,000 after buying an additional 126 shares in the last quarter. Atlas Capital Advisors LLC increased its holdings in shares of General Mills by 2.1% in the fourth quarter. Atlas Capital Advisors LLC now owns 6,575 shares of the company’s stock valued at $551,000 after purchasing an additional 136 shares in the last quarter. L.M. Kohn & Company increased its holdings in shares of General Mills by 2.6% in the third quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock valued at $386,000 after purchasing an additional 155 shares in the last quarter. Traverso Chambers Private Wealth Management LLC increased its holdings in shares of General Mills by 1.0% in the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after purchasing an additional 156 shares in the last quarter. Finally, TrueWealth Advisors LLC increased its holdings in shares of General Mills by 4.3% in the third quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock valued at $246,000 after purchasing an additional 158 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GIS. Barclays raised their price target on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Morgan Stanley raised their price objective on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Bank of America raised their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Citigroup assumed coverage on shares of General Mills in a research note on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.18.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the sale, the chief executive officer now directly owns 318,483 shares in the company, valued at approximately $20,523,044.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jonathon Nudi sold 7,671 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $64.15, for a total transaction of $492,094.65. Following the transaction, the insider now directly owns 102,924 shares in the company, valued at approximately $6,602,574.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the transaction, the chief executive officer now owns 318,483 shares in the company, valued at $20,523,044.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,782 shares of company stock worth $5,057,820. Insiders own 0.24% of the company’s stock.

General Mills Trading Up 1.7 %

Shares of NYSE:GIS opened at $67.31 on Tuesday. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The company’s fifty day simple moving average is $66.43 and its 200 day simple moving average is $65.17. The firm has a market cap of $38.23 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 2.28 and a beta of 0.15.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period last year, the business posted $0.97 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The business 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 dividend of $0.59 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.51%. General Mills’s payout ratio is 54.13%.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.