Human Investing LLC Trims Stock Holdings in General Mills, Inc. (NYSE:GIS)

Human Investing LLC decreased its stake in General Mills, Inc. (NYSE:GIS) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,482 shares of the company’s stock after selling 492 shares during the quarter. Human Investing LLC’s holdings in General Mills were worth $286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Values First Advisors Inc. purchased a new stake in shares of General Mills during the third quarter worth about $27,000. Endeavor Private Wealth Inc. purchased a new stake in shares of General Mills during the fourth quarter worth about $26,000. Planning Capital Management Corp grew its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of General Mills during the third quarter worth about $44,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Mills during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

GIS has been the subject of several research analyst reports. Barclays cut their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. TD Cowen cut their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and increased their price target for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Finally, Mizuho dropped their price target on General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. One 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 company. Based on data from MarketBeat.com, General Mills has an average rating of “Hold” and a consensus target price of $71.13.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’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 in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is owned by corporate insiders.

General Mills Price Performance

NYSE:GIS opened at $58.85 on Monday. The firm 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. General Mills, Inc. has a 1 year low of $57.85 and a 1 year high of $75.90. The business has a 50 day simple moving average of $61.61 and a 200-day simple moving average of $66.87. 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 issued its quarterly 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. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the company earned $1.25 EPS. General Mills’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts forecast that General Mills, Inc. will post 4.4 EPS for the current 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 paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is currently 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.