General Mills, Inc. (NYSE:GIS) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC cut its stake in General Mills, Inc. (NYSE:GIS) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,710 shares of the company’s stock after selling 5,064 shares during the period. Kintegral Advisory LLC’s holdings in General Mills were worth $6,932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC grew its position in General Mills by 6.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 4,765 shares of the company’s stock valued at $304,000 after acquiring an additional 268 shares during the period. Janney Montgomery Scott LLC grew its position in shares of General Mills by 22.1% during the third quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock worth $17,565,000 after buying an additional 43,086 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after acquiring an additional 2,926,232 shares in the last quarter. J2 Capital Management Inc bought a new stake in General Mills in the fourth quarter valued at about $547,000. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of General Mills by 129.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock valued at $13,649,000 after acquiring an additional 104,436 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Trading Up 3.1 %

GIS stock opened at $61.02 on Friday. The company’s 50-day simple moving average is $60.89 and its 200 day simple moving average is $66.56. The company has a market capitalization of $33.63 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 3.76 and a beta of 0.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the company earned $1.25 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Mills, Inc. will post 4.38 earnings per share 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 paid a $0.60 dividend. The ex-dividend date 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%.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value 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. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GIS shares. Stifel Nicolaus dropped their price target on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. Wells Fargo & Company decreased their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. Mizuho dropped their price target on General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Finally, Bank of America reduced their price target on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $69.88.

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 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.