Quadrant Capital Group LLC Has $584,000 Holdings in General Mills, Inc. (NYSE:GIS)

Quadrant Capital Group LLC decreased its stake in General Mills, Inc. (NYSE:GIS) by 24.7% during the 4th quarter, HoldingsChannel reports. The fund owned 9,155 shares of the company’s stock after selling 3,010 shares during the period. Quadrant Capital Group LLC’s holdings in General Mills were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Endeavor Private Wealth Inc. acquired a new stake in General Mills in the 4th quarter worth $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in General Mills during the fourth quarter valued at about $31,000. VSM Wealth Advisory LLC acquired a new position in General Mills in the 4th quarter valued at approximately $32,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of General Mills in the 4th quarter worth approximately $34,000. Institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

GIS has been the subject of a number of recent research reports. 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 note on Thursday, December 19th. Citigroup reduced their price objective on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Deutsche Bank Aktiengesellschaft lowered their target price 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. Jefferies Financial Group lifted their price objective on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a report on Monday, March 17th. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.69.

General Mills Stock Down 2.2 %

Shares of NYSE:GIS opened at $59.64 on Monday. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The firm has a market cap of $32.87 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.94 and a beta of 0.15. 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 company’s 50-day moving average price is $59.97 and its two-hundred day moving average price is $64.11.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. As a group, research analysts forecast that General Mills, Inc. will post 4.36 EPS 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 paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.02%. General Mills’s payout ratio is presently 52.75%.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

About General Mills

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.