Gulf International Bank UK Ltd Sells 489 Shares of General Mills, Inc. (NYSE:GIS)

Gulf International Bank UK Ltd decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,698 shares of the company’s stock after selling 489 shares during the quarter. Gulf International Bank UK Ltd’s holdings in General Mills were worth $2,914,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in General Mills during the 4th quarter valued at approximately $26,000. Planning Capital Management Corp boosted its stake in General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the period. Bank of Jackson Hole Trust bought a new stake in General Mills during the 4th quarter valued at approximately $34,000. Catalyst Capital Advisors LLC bought a new stake in General Mills during the 3rd quarter valued at approximately $44,000. Finally, Heck Capital Advisors LLC bought a new stake in General Mills during the 4th quarter valued at approximately $38,000. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. TD Cowen cut their price target on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Bank of America cut their price target on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company cut their price target on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Finally, Barclays cut their price target on 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 issued a buy rating to the stock. According to MarketBeat, General Mills has an average rating of “Hold” and an average price target of $69.06.

General Mills Trading Up 1.1 %

Shares of GIS opened at $60.62 on Friday. The stock has a market cap of $33.42 billion, a PE ratio of 13.18, a PEG ratio of 1.94 and a beta of 0.10. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The stock has a 50 day simple moving average of $60.49 and a 200-day simple moving average of $66.28. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates 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%. General Mills’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 EPS. On average, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.96%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the 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 directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is 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.