General Mills, Inc. (GIS) Stake Boosted by Affiance Financial LLC

Affiance Financial LLC increased its holdings in General Mills, Inc. (NYSE:GIS) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,373 shares of the company’s stock after acquiring an additional 447 shares during the period. Affiance Financial LLC’s holdings in General Mills were worth $1,066,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its position in shares of General Mills by 25.4% during the third quarter. Cornerstone Advisors Inc. now owns 1,387 shares of the company’s stock worth $60,000 after acquiring an additional 281 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of General Mills by 28.3% in the fourth quarter. Moody National Bank Trust Division now owns 2,214 shares of the company’s stock worth $86,000 after buying an additional 489 shares in the last quarter. Highwater Wealth Management LLC purchased a new stake in shares of General Mills in the fourth quarter worth $87,000. Kiley Juergens Wealth Management LLC raised its position in shares of General Mills by 108.2% in the third quarter. Kiley Juergens Wealth Management LLC now owns 3,017 shares of the company’s stock worth $129,000 after buying an additional 1,568 shares in the last quarter. Finally, ELM Advisors LLC purchased a new stake in shares of General Mills in the third quarter worth $137,000. 68.57% of the stock is owned by institutional investors.

GIS has been the topic of a number of recent analyst reports. ValuEngine upgraded General Mills from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $52.00 price objective on shares of General Mills in a research report on Monday, September 17th. Jefferies Financial Group set a $55.00 price objective on General Mills and gave the stock a “buy gis” rating in a research report on Monday, December 24th. UBS Group reiterated a “buy” rating and issued a $40.00 price objective on shares of General Mills in a research report on Friday, December 14th. Finally, Credit Suisse Group set a $46.00 price objective on General Mills and gave the stock a “hold” rating in a research report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. General Mills currently has an average rating of “Hold” and a consensus target price of $47.37.

Shares of NYSE:GIS traded up $0.19 on Friday, reaching $41.61. 131,571 shares of the company traded hands, compared to its average volume of 6,680,167. General Mills, Inc. has a 52 week low of $36.42 and a 52 week high of $60.69. The stock has a market capitalization of $24.12 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.81 and a beta of 0.64. The company has a current ratio of 0.58, a quick ratio of 0.36 and a debt-to-equity ratio of 1.75.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 19th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.04. General Mills had a return on equity of 29.44% and a net margin of 12.48%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same period last year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts predict that General Mills, Inc. will post 3.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, January 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Wednesday, January 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.71%. General Mills’s dividend payout ratio (DPR) is currently 63.02%.

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General Mills Profile

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.

Further Reading: Market Capitalization and Individual Investors

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

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