General Mills, Inc. (NYSE:GIS) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 6,867.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,692 shares of the company’s stock after buying an additional 20,395 shares during the quarter. Venturi Wealth Management LLC’s holdings in General Mills were worth $1,320,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC increased its position in shares of General Mills by 6.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock valued at $304,000 after acquiring an additional 268 shares during the period. Janney Montgomery Scott LLC increased its position in shares of General Mills by 22.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after acquiring an additional 43,086 shares during the period. JPMorgan Chase & Co. increased its position in shares of General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after acquiring an additional 2,926,232 shares during the period. J2 Capital Management Inc acquired a new position in shares of General Mills in the 4th quarter valued at $547,000. Finally, Crossmark Global Holdings Inc. increased its position in shares of General Mills by 129.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock valued at $13,649,000 after acquiring an additional 104,436 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Citigroup cut their price target on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and increased their price target for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Barclays cut their price target 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. Finally, Stifel Nicolaus cut their price target on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.13.

General Mills Trading Down 2.2 %

GIS stock opened at $57.53 on Wednesday. The company’s 50-day simple moving average is $61.30 and its 200-day simple moving average is $66.72. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. The firm has a market cap of $31.71 billion, a P/E ratio of 12.51, a PEG ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The firm had revenue of $5.24 billion for 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 period last year, the company posted $1.25 EPS. As a group, equities analysts forecast that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.17%.

Insider Activity at General Mills

In other General Mills 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 completion of the sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

General Mills 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 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.