Cornell Pochily Investment Advisors Inc. Has $996,000 Stake in General Mills, Inc. (NYSE:GIS)

Cornell Pochily Investment Advisors Inc. trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,296 shares of the company’s stock after selling 1,302 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in General Mills were worth $996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Planned Solutions Inc. bought a new position in General Mills during the fourth quarter worth $52,000. Courier Capital LLC boosted its position in shares of General Mills by 1.0% in the fourth quarter. Courier Capital LLC now owns 26,032 shares of the company’s stock valued at $1,696,000 after acquiring an additional 249 shares during the period. PFG Investments LLC boosted its position in shares of General Mills by 22.6% in the fourth quarter. PFG Investments LLC now owns 11,850 shares of the company’s stock valued at $772,000 after acquiring an additional 2,183 shares during the period. Trust Co of the South bought a new stake in shares of General Mills in the fourth quarter valued at about $302,000. Finally, Schechter Investment Advisors LLC boosted its position in shares of General Mills by 16.4% in the fourth quarter. Schechter Investment Advisors LLC now owns 6,705 shares of the company’s stock valued at $437,000 after acquiring an additional 943 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the firm’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 completion of the transaction, the insider now owns 93,381 shares in the company, valued at approximately $6,462,899.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 318,483 shares in the company, valued at approximately $20,523,044.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathon Nudi sold 10,000 shares of the business’s stock in a transaction on 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 approximately $6,462,899.01. The disclosure for this sale can be found here. Insiders sold 77,782 shares of company stock worth $5,057,820 in the last quarter. 0.24% of the stock is owned by corporate insiders.

General Mills Price Performance

GIS traded up $0.83 on Thursday, hitting $70.49. 1,118,958 shares of the company’s stock traded hands, compared to its average volume of 4,270,299. The company’s 50 day simple moving average is $65.01 and its 200-day simple moving average is $64.79. The firm has a market cap of $40.03 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 2.36 and a beta of 0.15. General Mills, Inc. has a one year low of $60.33 and a one year 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.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS. As a group, research analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 54.13%.

Analyst Ratings Changes

Several research firms recently weighed in on GIS. Morgan Stanley upped their price objective on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. HSBC boosted their target price on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. upped their price objective on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Mizuho raised their price target on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Stifel Nicolaus raised their price objective on shares of General Mills from $68.00 to $77.00 and gave the stock a “buy” rating in a research 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 given a buy rating to the company’s stock. Based on data from MarketBeat, General Mills 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.