Wynn Capital LLC Invests $341,000 in General Mills, Inc. (NYSE:GIS)

Wynn Capital LLC acquired a new stake in General Mills, Inc. (NYSE:GIS) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,230 shares of the company’s stock, valued at approximately $341,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Morgan Stanley lifted its position in General Mills by 0.3% in the 3rd quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock valued at $527,423,000 after acquiring an additional 23,400 shares in the last quarter. Northern Trust Corp lifted its position in General Mills by 5.0% in the 3rd quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock valued at $511,608,000 after acquiring an additional 379,702 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in General Mills by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,527,989 shares of the company’s stock valued at $468,346,000 after acquiring an additional 44,933 shares in the last quarter. Nordea Investment Management AB lifted its position in General Mills by 48.7% in the 3rd quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after acquiring an additional 1,654,111 shares in the last quarter. Finally, Invesco Ltd. lifted its position in General Mills by 2.4% in the 3rd quarter. Invesco Ltd. now owns 4,102,503 shares of the company’s stock valued at $262,519,000 after acquiring an additional 96,935 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Price Performance

General Mills stock traded up $0.79 during mid-day trading on Wednesday, hitting $71.61. The stock had a trading volume of 4,415,968 shares, compared to its average volume of 4,277,180. The firm has a market capitalization of $40.67 billion, a P/E ratio of 16.24, a P/E/G ratio of 2.46 and a beta of 0.15. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $67.17 and its 200 day moving average is $65.45. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. General Mills’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS. On average, sell-side analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 17,726 shares of company stock valued at $1,187,811 in the last 90 days. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GIS. Mizuho boosted their target price on shares of General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. TD Cowen boosted their target price on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 target price on shares of General Mills in a research note on Monday. Morgan Stanley boosted their target price on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Finally, Barclays boosted their target price on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.18.

General Mills Company Profile

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.