General Mills, Inc. (GIS) Shares Bought by Trilogy Capital Inc.

Trilogy Capital Inc. increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 5.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 17,735 shares of the company’s stock after acquiring an additional 911 shares during the period. Trilogy Capital Inc.’s holdings in General Mills were worth $918,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Old North State Trust LLC increased its stake in shares of General Mills by 5.9% in the 1st quarter. Old North State Trust LLC now owns 3,508 shares of the company’s stock valued at $181,000 after purchasing an additional 195 shares in the last quarter. Montecito Bank & Trust increased its stake in shares of General Mills by 2.6% in the 1st quarter. Montecito Bank & Trust now owns 7,928 shares of the company’s stock valued at $410,000 after purchasing an additional 200 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of General Mills by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 31,500 shares of the company’s stock valued at $1,630,000 after purchasing an additional 200 shares in the last quarter. Northside Capital Management LLC increased its stake in shares of General Mills by 0.7% in the 1st quarter. Northside Capital Management LLC now owns 28,470 shares of the company’s stock valued at $1,473,000 after purchasing an additional 210 shares in the last quarter. Finally, Lenox Wealth Advisors LLC increased its stake in shares of General Mills by 10.8% in the 1st quarter. Lenox Wealth Advisors LLC now owns 2,158 shares of the company’s stock valued at $112,000 after purchasing an additional 211 shares in the last quarter. 68.88% of the stock is owned by hedge funds and other institutional investors.

NYSE:GIS opened at $51.47 on Wednesday. General Mills, Inc. has a 12 month low of $36.42 and a 12 month high of $52.17. The company has a quick ratio of 0.35, a current ratio of 0.55 and a debt-to-equity ratio of 1.61. The company has a market cap of $30.82 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.20 and a beta of 0.78.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.14. General Mills had a return on equity of 28.11% and a net margin of 9.26%. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the business earned $0.79 EPS. General Mills’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that General Mills, Inc. will post 3.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.96 annualized dividend and a yield of 3.81%. General Mills’s dividend payout ratio (DPR) is currently 63.02%.

GIS has been the subject of several recent analyst reports. Piper Jaffray Companies restated an “average” rating and issued a $47.00 price target on shares of General Mills in a research note on Thursday, December 20th. TheStreet upgraded General Mills from a “c+” rating to a “b-” rating in a research note on Friday, March 15th. Guggenheim restated a “buy” rating on shares of General Mills in a research note on Tuesday, February 26th. Wells Fargo & Co set a $46.00 price target on General Mills and gave the company a “buy” rating in a research note on Thursday, December 20th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $55.00 price target on shares of General Mills in a research note on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. General Mills currently has an average rating of “Hold” and an average target price of $49.91.

In other news, CFO Donal L. Mulligan sold 126,337 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $50.00, for a total value of $6,316,850.00. Following the completion of the sale, the chief financial officer now directly owns 378,663 shares in the company, valued at $18,933,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Kerry Clark sold 7,849 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $44.26, for a total value of $347,396.74. Following the completion of the sale, the director now owns 30,215 shares of the company’s stock, valued at $1,337,315.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 452,071 shares of company stock valued at $22,112,181. 0.59% of the stock is owned by company insiders.

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General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

Further Reading: Support Level

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

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