Trilogy Capital Inc. acquired a new position in shares of General Mills, Inc. (NYSE:GIS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 8,482 shares of the company’s stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GIS. Covington Investment Advisors Inc. grew its holdings in shares of General Mills by 0.9% in the second quarter. Covington Investment Advisors Inc. now owns 54,365 shares of the company’s stock valued at $3,012,000 after acquiring an additional 465 shares in the last quarter. ARGI Investment Services LLC grew its holdings in shares of General Mills by 91.6% in the second quarter. ARGI Investment Services LLC now owns 31,273 shares of the company’s stock valued at $1,732,000 after acquiring an additional 14,952 shares in the last quarter. Pacad Investment Ltd. grew its holdings in shares of General Mills by 1,948.5% in the second quarter. Pacad Investment Ltd. now owns 8,194 shares of the company’s stock valued at $454,000 after acquiring an additional 7,794 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of General Mills by 31.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 14,389 shares of the company’s stock valued at $797,000 after acquiring an additional 3,445 shares in the last quarter. Finally, Jensen Investment Management Inc. grew its holdings in shares of General Mills by 87.2% in the second quarter. Jensen Investment Management Inc. now owns 12,620 shares of the company’s stock valued at $699,000 after acquiring an additional 5,880 shares in the last quarter. 72.59% of the stock is owned by hedge funds and other institutional investors.

Shares of General Mills, Inc. (GIS) opened at $54.72 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. General Mills, Inc. has a 12-month low of $49.65 and a 12-month high of $63.73. The stock has a market capitalization of $31,138.08, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.41 and a beta of 0.61.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.58%. General Mills’s dividend payout ratio (DPR) is presently 71.79%.

In related news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the sale, the insider now owns 36,089 shares in the company, valued at $2,143,686.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

Several equities analysts have recently issued reports on GIS shares. Susquehanna Bancshares set a $56.00 target price on General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Jefferies Group began coverage on General Mills in a report on Friday, October 20th. They set a “hold” rating and a $56.00 price objective for the company. Royal Bank of Canada set a $58.00 price objective on General Mills and gave the company a “hold” rating in a report on Monday, October 23rd. Finally, Societe Generale raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.28.

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General Mills Profile

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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