General Mills, Inc. (NYSE:GIS) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lowered its stake in General Mills, Inc. (NYSE:GIS) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,937 shares of the company’s stock after selling 786 shares during the quarter. Ingalls & Snyder LLC’s holdings in General Mills were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in General Mills during the fourth quarter valued at approximately $26,000. Values First Advisors Inc. bought a new stake in General Mills during the third quarter worth approximately $27,000. Planning Capital Management Corp grew its stake in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after buying an additional 193 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of General Mills in the fourth quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of General Mills during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

GIS has been the subject of several research reports. Mizuho reduced their target price on General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday. Barclays reduced their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Stifel Nicolaus lowered their target price on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Finally, Citigroup lowered their price target on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. One equities research 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 data from MarketBeat, General Mills has a consensus rating of “Hold” and an average price target of $71.13.

General Mills Stock Performance

Shares of GIS opened at $59.60 on Friday. The firm has a market capitalization of $32.86 billion, a P/E ratio of 12.96, a P/E/G ratio of 3.82 and a beta of 0.10. The stock has a 50 day moving average price of $61.85 and a two-hundred day moving average price of $66.99. General Mills, Inc. has a 52 week low of $57.85 and a 52 week high of $75.90. 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 (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share 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 company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm earned $1.25 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 4.03%. 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.