General Mills, Inc. (NYSE:GIS) Holdings Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its holdings in General Mills, Inc. (NYSE:GIS) by 28.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 70,643 shares of the company’s stock after selling 28,243 shares during the period. Pacer Advisors Inc.’s holdings in General Mills were worth $4,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Endeavor Private Wealth Inc. acquired a new position in shares of General Mills in the 4th quarter valued at about $26,000. Values First Advisors Inc. bought a new position in General Mills in the third quarter worth about $27,000. Planning Capital Management Corp boosted its stake in General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after acquiring an additional 193 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of General Mills during the third quarter valued at approximately $44,000. Finally, Rise Advisors LLC raised its position in shares of General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after purchasing an additional 193 shares during the period. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

GIS has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. Wells Fargo & Company lowered their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Barclays dropped their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. TD Cowen decreased 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. Finally, Deutsche Bank Aktiengesellschaft cut their price target on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $70.94.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction that occurred on Friday, December 20th. The shares were 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 of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

General Mills Trading Up 1.3 %

Shares of GIS stock opened at $60.66 on Friday. The stock has a 50-day simple moving average of $63.15 and a 200 day simple moving average of $67.36. The stock has a market capitalization of $33.44 billion, a P/E ratio of 13.19, a P/E/G ratio of 3.70 and a beta of 0.11. General Mills, Inc. has a fifty-two week low of $57.94 and a fifty-two week high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Announces Dividend

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 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 dividend yield of 3.96%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

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.