General Mills, Inc. (NYSE:GIS) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,597 shares of the company’s stock after selling 1,108 shares during the period. Dividend Assets Capital LLC’s holdings in General Mills were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its position in shares of General Mills by 4.9% in the fourth quarter. Allianz Asset Management GmbH now owns 674,730 shares of the company’s stock valued at $43,028,000 after purchasing an additional 31,577 shares during the period. ING Groep NV boosted its holdings in General Mills by 21.4% in the 4th quarter. ING Groep NV now owns 90,563 shares of the company’s stock worth $5,775,000 after buying an additional 15,936 shares during the last quarter. Hussman Strategic Advisors Inc. boosted its holdings in General Mills by 100.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock worth $4,018,000 after buying an additional 31,500 shares during the last quarter. Handelsbanken Fonder AB increased its stake in General Mills by 18.7% during the 4th quarter. Handelsbanken Fonder AB now owns 350,438 shares of the company’s stock worth $22,347,000 after buying an additional 55,268 shares in the last quarter. Finally, LMG Wealth Partners LLC raised its holdings in shares of General Mills by 27.1% during the fourth quarter. LMG Wealth Partners LLC now owns 6,258 shares of the company’s stock valued at $399,000 after acquiring an additional 1,333 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 3.1 %

GIS opened at $61.02 on Friday. The business’s 50 day moving average price is $60.89 and its 200 day moving average price is $66.56. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The stock has a market capitalization of $33.63 billion, a PE ratio of 13.26, a P/E/G ratio of 3.76 and a beta of 0.10. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 EPS. As a group, equities research analysts expect that General Mills, Inc. will post 4.38 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.93%. General Mills’s dividend payout ratio is currently 52.17%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GIS. Bank of America lowered their price target on General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup lowered their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. TD Cowen reduced their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company lowered their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Barclays cut their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $69.88.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

General Mills Company 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.