Apriem Advisors Increases Holdings in General Mills, Inc. (NYSE:GIS)

Apriem Advisors lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 72.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,934 shares of the company’s stock after purchasing an additional 3,752 shares during the period. Apriem Advisors’ holdings in General Mills were worth $462,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Lenox Wealth Advisors Inc. increased its position in General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock worth $102,000 after buying an additional 15 shares during the period. Cable Hill Partners LLC increased its position in General Mills by 274.5% during the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock worth $116,000 after buying an additional 1,647 shares during the period. Grove Bank & Trust increased its position in General Mills by 322.7% during the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock worth $127,000 after buying an additional 1,878 shares during the period. Tradewinds Capital Management LLC increased its position in General Mills by 127.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock worth $135,000 after buying an additional 1,459 shares during the period. Finally, Spectrum Management Group Inc. bought a new position in General Mills during the 3rd quarter worth $135,000. Institutional investors own 72.59% of the company’s stock.

Shares of General Mills, Inc. (NYSE:GIS) traded down $0.24 during mid-day trading on Friday, reaching $57.85. The company’s stock had a trading volume of 2,553,096 shares, compared to its average volume of 4,180,000. The company has a market capitalization of $32,920.00, a P/E ratio of 21.19, a P/E/G ratio of 2.56 and a beta of 0.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. General Mills, Inc. has a 1-year low of $49.65 and a 1-year high of $63.73.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a $0.49 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.39%. General Mills’s payout ratio is currently 71.79%.

In other General Mills news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 36,089 shares in the company, valued at $2,143,686.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

GIS has been the topic of several analyst reports. Wells Fargo & Co raised General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 target price on the stock in a report on Monday, December 18th. BMO Capital Markets reissued a “market perform” rating and set a $57.00 target price (down from $60.00) on shares of General Mills in a report on Thursday, September 21st. Argus reissued a “hold” rating on shares of General Mills in a report on Wednesday, December 27th. Piper Jaffray Companies reissued a “sell” rating and set a $53.00 target price on shares of General Mills in a report on Thursday, September 21st. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $53.00 price objective on shares of General Mills in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $58.17.

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General Mills Company 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.

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

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