Dana Investment Advisors Inc. Has $8.82 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

Dana Investment Advisors Inc. grew its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 135,374 shares of the company's stock after purchasing an additional 21,796 shares during the quarter. Dana Investment Advisors Inc.'s holdings in General Mills were worth $8,818,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Valley Wealth Managers Inc. lifted its stake in shares of General Mills by 5.6% during the 4th quarter. Valley Wealth Managers Inc. now owns 62,761 shares of the company's stock worth $4,088,000 after purchasing an additional 3,355 shares during the period. Great Diamond Partners LLC raised its position in shares of General Mills by 12.2% in the 4th quarter. Great Diamond Partners LLC now owns 4,397 shares of the company's stock worth $286,000 after buying an additional 478 shares during the period. Northwest Financial Advisors purchased a new position in shares of General Mills in the 4th quarter worth $45,000. Calton & Associates Inc. purchased a new position in shares of General Mills in the 4th quarter worth $439,000. Finally, Lebenthal Global Advisors LLC purchased a new position in shares of General Mills in the 4th quarter worth $216,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

General Mills Stock Up 0.6 %

Shares of GIS stock traded up $0.44 during trading hours on Friday, hitting $70.70. 2,398,731 shares of the company were exchanged, compared to its average volume of 3,517,274. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The business's 50-day simple moving average is $68.72 and its two-hundred day simple moving average is $66.10. The stock has a market capitalization of $40.15 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 2.44 and a beta of 0.15.

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

Insiders Place Their Bets

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the firm's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now owns 93,381 shares of the company's stock, valued at $6,462,899.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GIS has been the topic of several research reports. Stifel Nicolaus reaffirmed a "buy" rating and issued a $77.00 target price on shares of General Mills in a research report on Monday, April 22nd. Citigroup initiated coverage on General Mills in a research report on Thursday, February 1st. They issued a "neutral" rating and a $67.00 target price on the stock. Morgan Stanley increased their target price on General Mills from $58.00 to $61.00 and gave the stock an "underweight" rating in a research report on Thursday, March 21st. Bank of America increased their price target on General Mills from $68.00 to $72.00 and gave the company a "neutral" rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. increased their price target on General Mills from $68.00 to $72.00 and gave the company a "neutral" rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $72.18.

General Mills Profile

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.