Randolph Co Inc Buys Shares of 319,974 General Mills, Inc. (NYSE:GIS)

Randolph Co Inc bought a new position in General Mills, Inc. (NYSE:GIS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 319,974 shares of the company's stock, valued at approximately $20,843,000. General Mills comprises 2.8% of Randolph Co Inc's holdings, making the stock its 20th largest holding. Randolph Co Inc owned approximately 0.06% of General Mills at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. IHT Wealth Management LLC raised its position in General Mills by 2.2% in the first quarter. IHT Wealth Management LLC now owns 5,817 shares of the company's stock worth $497,000 after acquiring an additional 126 shares during the period. Atlas Capital Advisors LLC lifted its stake in General Mills by 2.1% in the fourth quarter. Atlas Capital Advisors LLC now owns 6,575 shares of the company's stock valued at $551,000 after purchasing an additional 136 shares during the last quarter. L.M. Kohn & Company lifted its stake in General Mills by 2.6% in the third quarter. L.M. Kohn & Company now owns 6,034 shares of the company's stock valued at $386,000 after purchasing an additional 155 shares during the last quarter. Traverso Chambers Private Wealth Management LLC grew its holdings in General Mills by 1.0% during the fourth quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company's stock valued at $1,052,000 after purchasing an additional 156 shares during the period. Finally, TrueWealth Advisors LLC increased its position in General Mills by 4.3% in the third quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company's stock worth $246,000 after buying an additional 158 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GIS. Mizuho lifted their target price on shares of General Mills from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, March 21st. Wells Fargo & Company lifted their price objective on shares of General Mills from $65.00 to $70.00 and gave the company an "equal weight" rating in a research note on Thursday, March 21st. Citigroup assumed coverage on General Mills in a research report on Thursday, February 1st. They set a "neutral" rating and a $67.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on General Mills from $68.00 to $72.00 and gave the company a "neutral" rating in a research report on Thursday, March 21st. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $72.00 price objective on shares of General Mills in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, General Mills presently has an average rating of "Hold" and an average target price of $72.18.

General Mills Price Performance

Shares of General Mills stock traded down $1.33 on Wednesday, hitting $68.85. 4,434,984 shares of the company traded hands, compared to its average volume of 4,316,284. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The company has a market cap of $39.10 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.42 and a beta of 0.15. The firm's 50-day simple moving average is $66.21 and its 200 day simple moving average is $65.09.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.43%. The ex-dividend date is Tuesday, April 9th. General Mills's dividend payout ratio is currently 54.13%.

Insider Buying and Selling at General Mills

In related news, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the transaction, the chief executive officer now owns 318,483 shares in the company, valued at approximately $20,523,044.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the completion of the sale, the chief executive officer now directly owns 318,483 shares in the company, valued at approximately $20,523,044.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The disclosure for this sale can be found here. Insiders have sold 77,782 shares of company stock worth $5,057,820 over the last ninety days. Insiders own 0.24% of the company's stock.

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.