Aaron Wealth Advisors LLC Raises Stock Position in General Mills, Inc. (NYSE:GIS)

Aaron Wealth Advisors LLC raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,606 shares of the company’s stock after buying an additional 2,473 shares during the period. Aaron Wealth Advisors LLC’s holdings in General Mills were worth $1,187,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in General Mills by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 589,423 shares of the company’s stock valued at $37,287,000 after acquiring an additional 35,680 shares during the period. Blair William & Co. IL lifted its stake in shares of General Mills by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 131,257 shares of the company’s stock worth $8,303,000 after purchasing an additional 632 shares during the period. Ieq Capital LLC boosted its holdings in shares of General Mills by 12.8% in the second quarter. Ieq Capital LLC now owns 28,687 shares of the company’s stock worth $1,815,000 after buying an additional 3,257 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in General Mills by 2.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 56,101 shares of the company’s stock valued at $3,549,000 after buying an additional 1,258 shares during the period. Finally, Bridges Investment Management Inc. increased its holdings in General Mills by 31.1% during the second quarter. Bridges Investment Management Inc. now owns 9,493 shares of the company’s stock valued at $601,000 after buying an additional 2,252 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GIS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reduced their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Barclays lowered their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company reduced their target price on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Citigroup lowered their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, General Mills currently has an average rating of “Hold” and an average price target of $71.31.

General Mills Price Performance

Shares of General Mills stock opened at $59.64 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 12 month low of $57.94 and a 12 month high of $75.90. The stock has a 50 day moving average of $63.76 and a 200 day moving average of $67.49. The firm has a market cap of $32.88 billion, a PE ratio of 12.97, a PEG ratio of 3.65 and a beta of 0.11.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 earnings per share. On average, research analysts expect that General Mills, Inc. will post 4.42 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s payout ratio is 52.17%.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,541 shares of company stock worth $3,321,170. 0.26% of the stock is currently owned by company insiders.

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.