Boston Research & Management Inc. raised its position in shares of General Mills, Inc. (NYSE:GIS) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,880 shares of the company’s stock after purchasing an additional 12,100 shares during the quarter. Boston Research & Management Inc.’s holdings in General Mills were worth $2,954,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ironwood Investment Counsel LLC lifted its holdings in shares of General Mills by 1.0% in the 4th quarter. Ironwood Investment Counsel LLC now owns 25,342 shares of the company’s stock valued at $986,000 after buying an additional 243 shares during the period. Northwest Wealth Management LLC lifted its holdings in shares of General Mills by 23.1% in the 4th quarter. Northwest Wealth Management LLC now owns 1,441 shares of the company’s stock valued at $56,000 after buying an additional 270 shares during the period. Cornerstone Advisors Inc. lifted its holdings in shares of General Mills by 25.4% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,387 shares of the company’s stock valued at $60,000 after buying an additional 281 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of General Mills by 0.6% in the 3rd quarter. New Mexico Educational Retirement Board now owns 52,812 shares of the company’s stock valued at $2,267,000 after buying an additional 300 shares during the period. Finally, Lee Danner & Bass Inc. lifted its holdings in shares of General Mills by 1.3% in the 4th quarter. Lee Danner & Bass Inc. now owns 22,890 shares of the company’s stock valued at $891,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 68.90% of the company’s stock.

In other General Mills news, Director R Kerry Clark sold 7,849 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $44.26, for a total transaction of $347,396.74. Following the completion of the transaction, the director now owns 30,215 shares of the company’s stock, valued at $1,337,315.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on the company. Guggenheim began coverage on General Mills in a report on Tuesday, January 22nd. They issued a “buy” rating and a $49.00 price objective for the company. Morgan Stanley set a $41.00 price target on General Mills and gave the stock a “hold” rating in a report on Friday, December 21st. Wells Fargo & Co set a $46.00 price target on General Mills and gave the stock a “buy” rating in a report on Thursday, December 20th. Bank of America reaffirmed a “neutral” rating and issued a $45.00 price target (down previously from $49.00) on shares of General Mills in a report on Friday, December 7th. Finally, Barclays reaffirmed a “neutral” rating on shares of General Mills in a report on Thursday, December 20th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $47.45.

Shares of General Mills stock opened at $45.04 on Friday. General Mills, Inc. has a 12 month low of $36.42 and a 12 month high of $56.72. The company has a market cap of $26.88 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.99 and a beta of 0.76. The company has a quick ratio of 0.36, a current ratio of 0.58 and a debt-to-equity ratio of 1.75.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.35%. General Mills’s payout ratio 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.

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

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