Crestwood Advisors Group LLC Purchases 760 Shares of General Mills, Inc. (NYSE:GIS)

Crestwood Advisors Group LLC raised its position in General Mills, Inc. (NYSE:GIS) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,798 shares of the company’s stock after purchasing an additional 760 shares during the period. Crestwood Advisors Group LLC’s holdings in General Mills were worth $370,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in General Mills by 16.0% in the fourth quarter. IFP Advisors Inc now owns 9,341 shares of the company’s stock valued at $596,000 after purchasing an additional 1,287 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in General Mills by 150.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 653 shares of the company’s stock valued at $42,000 after purchasing an additional 392 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in General Mills by 111.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 34,721 shares of the company’s stock valued at $2,214,000 after purchasing an additional 18,289 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in General Mills by 9.2% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 271,877 shares of the company’s stock valued at $17,338,000 after purchasing an additional 22,900 shares in the last quarter. Finally, Howard Capital Management Inc. increased its stake in General Mills by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock valued at $250,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GIS shares. Stifel Nicolaus lowered their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company lowered their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. TD Cowen lowered their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Mizuho lowered their price objective on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $69.06.

General Mills Stock Performance

Shares of GIS opened at $61.61 on Wednesday. The firm has a 50-day moving average of $60.72 and a 200-day moving average of $66.43. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The company has a market cap of $33.96 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills 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 transaction, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

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 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.