RWA Wealth Partners LLC Has $1.94 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

RWA Wealth Partners LLC grew its holdings in General Mills, Inc. (NYSE:GIS) by 489.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,778 shares of the company’s stock after buying an additional 24,727 shares during the quarter. RWA Wealth Partners LLC’s holdings in General Mills were worth $1,940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Operose Advisors LLC increased its position in General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after purchasing an additional 274 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of General Mills during the 4th quarter worth about $28,000. Authentikos Wealth Advisory LLC acquired a new position in shares of General Mills during the 3rd quarter worth about $31,000. HHM Wealth Advisors LLC acquired a new position in shares of General Mills during the 3rd quarter worth about $32,000. Finally, Fortitude Family Office LLC bought a new position in shares of General Mills during the 4th quarter valued at about $40,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Down 0.5 %

NYSE:GIS opened at $70.82 on Wednesday. The firm has a market capitalization of $40.22 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 2.46 and a beta of 0.15. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The stock’s 50 day moving average price is $67.17 and its two-hundred day moving average price is $65.45. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last posted its quarterly 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 firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 EPS. Equities research analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) is 54.13%.

Analyst Upgrades and Downgrades

GIS has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $72.00 price objective on shares of General Mills in a report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price objective on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Barclays lifted their price objective on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Citigroup initiated coverage on General Mills in a report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $77.00 price objective on shares of General Mills in a report on Monday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.18.

Insider Buying and Selling

In related news, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now directly 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 this hyperlink. In the last three months, insiders have sold 17,726 shares of company stock valued at $1,187,811. 0.24% of the stock is owned by insiders.

About General Mills

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.