Orion Portfolio Solutions LLC Has $2.18 Million Stake in General Mills, Inc. (NYSE:GIS)

Orion Portfolio Solutions LLC raised its position in General Mills, Inc. (NYSE:GIS) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,152 shares of the company’s stock after acquiring an additional 5,202 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in General Mills were worth $2,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its stake in General Mills by 7.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 369,130 shares of the company’s stock valued at $23,539,000 after purchasing an additional 26,821 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in General Mills by 1,053.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 2,606 shares of the company’s stock valued at $166,000 after buying an additional 2,380 shares during the period. Providence Capital Advisors LLC raised its stake in General Mills by 0.8% in the fourth quarter. Providence Capital Advisors LLC now owns 38,938 shares of the company’s stock valued at $2,483,000 after buying an additional 297 shares during the period. Norges Bank acquired a new stake in shares of General Mills in the fourth quarter valued at approximately $496,484,000. Finally, Loomis Sayles & Co. L P boosted its stake in shares of General Mills by 83.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,085 shares of the company’s stock worth $133,000 after acquiring an additional 951 shares during the period. Institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. TD Cowen cut their price target on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Piper Sandler decreased their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Bank of America cut their price objective on shares of General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Finally, Jefferies Financial Group upped their target price on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, General Mills currently has an average rating of “Hold” and a consensus price target of $65.69.

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the transaction, 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 legal filing with the SEC, which is available at this link. 0.26% of the stock is owned by insiders.

General Mills Trading Down 0.1 %

GIS opened at $59.70 on Wednesday. The stock has a market capitalization of $32.91 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.94 and a beta of 0.06. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The company has a 50-day simple moving average of $59.96 and a 200 day simple moving average of $64.42.

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

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.02%. General Mills’s payout ratio is 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.