Mork Capital Management LLC Purchases Shares of 16,800 General Mills, Inc. (NYSE:GIS)

Mork Capital Management LLC purchased a new position in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,800 shares of the company’s stock, valued at approximately $996,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Private Advisor Group LLC boosted its holdings in shares of General Mills by 21.8% during the second quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after acquiring an additional 9,952 shares during the period. LVW Advisors LLC bought a new stake in shares of General Mills during the second quarter worth approximately $2,515,000. Captrust Financial Advisors bought a new stake in shares of General Mills during the second quarter worth approximately $693,000. AXA boosted its holdings in shares of General Mills by 8.5% during the second quarter. AXA now owns 1,030,200 shares of the company’s stock worth $57,073,000 after acquiring an additional 81,000 shares during the period. Finally, 1st Global Advisors Inc. bought a new stake in shares of General Mills during the second quarter worth approximately $2,600,000. 72.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Mills, Inc. (NYSE GIS) opened at $55.12 on Wednesday. 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 $63.35. The stock has a market capitalization of $31,180.00, a P/E ratio of 20.07, a P/E/G ratio of 2.42 and a beta of 0.61.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. 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 was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.56%. The ex-dividend date was Tuesday, January 9th. General Mills’s payout ratio is presently 71.79%.

In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

GIS has been the subject of a number of research analyst reports. Susquehanna Bancshares set a $56.00 price objective on General Mills and gave the stock a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Jefferies Group initiated 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 stock a “hold” rating in a report on Monday, October 23rd. Finally, Societe Generale upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price 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.

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

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