Wasatch Advisors Inc. Invests $1.90 Million in General Mills, Inc. (GIS)

Wasatch Advisors Inc. acquired a new stake in General Mills, Inc. (NYSE:GIS) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 31,960 shares of the company’s stock, valued at approximately $1,895,000.

Several other institutional investors also recently bought and sold shares of GIS. Private Advisor Group LLC lifted its stake in General Mills by 21.8% during the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock valued at $2,968,000 after purchasing an additional 9,952 shares during the last quarter. LVW Advisors LLC purchased a new stake in shares of General Mills in the 2nd quarter valued at approximately $2,515,000. Captrust Financial Advisors purchased a new stake in shares of General Mills in the 2nd quarter valued at approximately $693,000. AXA lifted its position in shares of General Mills by 8.5% in the 2nd quarter. AXA now owns 1,030,200 shares of the company’s stock valued at $57,073,000 after acquiring an additional 81,000 shares in the last quarter. Finally, 1st Global Advisors Inc. purchased a new stake in shares of General Mills in the 2nd quarter valued at approximately $2,600,000. Institutional investors and hedge funds own 72.58% of the company’s stock.

In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $59.40, for a total value of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Shares of General Mills, Inc. (NYSE:GIS) opened at $59.11 on Friday. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $63.73. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. The stock has a market cap of $33,380.11, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. equities analysts expect that General Mills, Inc. will post 3.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be given a $0.49 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.32%. General Mills’s payout ratio is 71.79%.

Several brokerages recently commented on GIS. Credit Suisse Group set a $62.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Thursday. Piper Jaffray Companies upgraded shares of General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target for the company in a research report on Wednesday, January 3rd. Susquehanna Bancshares set a $56.00 price target on shares of General Mills and gave the company a “hold” rating in a research report on Tuesday, October 17th. Wells Fargo & Co reduced their price target on shares of General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a research report on Friday, September 22nd. Finally, Goldman Sachs Group restated a “sell” rating on shares of General Mills in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $58.28.

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About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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

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