Anchor Investment Management LLC Sells 195 Shares of General Mills, Inc. (NYSE:GIS)

Anchor Investment Management LLC cut its holdings in General Mills, Inc. (NYSE:GIS) by 14.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,143 shares of the company’s stock after selling 195 shares during the period. Anchor Investment Management LLC’s holdings in General Mills were worth $73,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills in the 4th quarter valued at about $26,000. CBIZ Investment Advisory Services LLC purchased a new stake in shares of General Mills during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of General Mills in the fourth quarter worth approximately $31,000. VSM Wealth Advisory LLC bought a new stake in General Mills in the 4th quarter worth $32,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of General Mills during the fourth quarter worth about $34,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on GIS shares. Barclays lowered their price target on General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Citigroup cut their price target on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Mizuho decreased their price objective on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. JPMorgan Chase & Co. cut their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, Morgan Stanley initiated coverage on shares of General Mills in a report on Monday, March 24th. They issued an “underweight” rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, General Mills currently has an average rating of “Hold” and a consensus target price of $65.69.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

General Mills Trading Down 2.3 %

Shares of GIS opened at $56.52 on Thursday. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The company has a 50 day simple moving average of $59.52 and a two-hundred day simple moving average of $63.18. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm has a market cap of $31.16 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. On average, equities analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 annualized dividend and a yield of 4.25%. General Mills’s dividend payout ratio (DPR) is currently 52.75%.

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.