General Mills, Inc. (NYSE:GIS) Position Lessened by DeDora Capital Inc.

DeDora Capital Inc. decreased its stake in General Mills, Inc. (NYSE:GIS) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 5,970 shares of the company’s stock after selling 176 shares during the period. DeDora Capital Inc.’s holdings in General Mills were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GIS. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills in the 4th quarter worth approximately $26,000. Values First Advisors Inc. bought a new stake in shares of General Mills in the 3rd quarter worth approximately $27,000. Planning Capital Management Corp lifted its holdings in shares of General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of General Mills in the 4th quarter worth approximately $38,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of General Mills in the 3rd quarter worth approximately $44,000. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

GIS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. Stifel Nicolaus cut their target price on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Mizuho cut their target price on General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, TD Cowen cut their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.13.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction on 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

General Mills Stock Performance

Shares of NYSE GIS opened at $58.85 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $32.44 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 3.82 and a beta of 0.10. The stock’s fifty day simple moving average is $61.74 and its 200 day simple moving average is $66.93. General Mills, Inc. has a 52-week low of $57.85 and a 52-week high of $75.90.

General Mills (NYSE:GIS) last issued its earnings results 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. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $1.25 EPS. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is 52.17%.

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 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.