TFG Advisers LLC Lowers Holdings in General Mills, Inc. (NYSE:GIS)

TFG Advisers LLC lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,581 shares of the company’s stock after selling 851 shares during the period. TFG Advisers LLC’s holdings in General Mills were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Cidel Asset Management Inc. grew its holdings in General Mills by 4.0% during the 4th quarter. Cidel Asset Management Inc. now owns 7,723 shares of the company’s stock valued at $492,000 after buying an additional 298 shares in the last quarter. Joel Isaacson & Co. LLC grew its stake in General Mills by 11.3% during the fourth quarter. Joel Isaacson & Co. LLC now owns 4,880 shares of the company’s stock valued at $311,000 after acquiring an additional 495 shares in the last quarter. Capital Management Associates Inc grew its stake in General Mills by 73.1% during the fourth quarter. Capital Management Associates Inc now owns 318,865 shares of the company’s stock valued at $20,334,000 after acquiring an additional 134,654 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in General Mills by 9.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 87,906 shares of the company’s stock valued at $5,606,000 after acquiring an additional 7,593 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in General Mills by 6.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,690,825 shares of the company’s stock worth $107,824,000 after purchasing an additional 96,442 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and raised their price objective for the company from $78.00 to $80.00 in a research report on Friday, December 13th. Citigroup reduced their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their target price on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. TD Cowen reduced their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. 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 stock. According to data from MarketBeat.com, General Mills currently has an average rating of “Hold” and a consensus price target of $70.94.

General Mills Stock Down 0.6 %

Shares of NYSE:GIS opened at $58.86 on Friday. The firm has a market capitalization of $32.45 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 3.88 and a beta of 0.10. The business has a 50 day simple moving average of $62.46 and a two-hundred day simple moving average of $67.16. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion during 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%. General Mills’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. On average, equities analysts predict that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

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

Insider Buying and Selling

In related news, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction 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 sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

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.