Rockefeller Capital Management L.P. Sells 20,074 Shares of General Mills, Inc. (NYSE:GIS)

Rockefeller Capital Management L.P. reduced its stake in General Mills, Inc. (NYSE:GIS) by 15.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,470 shares of the company’s stock after selling 20,074 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in General Mills were worth $6,920,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Barclays PLC lifted its position in shares of General Mills by 1.2% during the third quarter. Barclays PLC now owns 1,634,280 shares of the company’s stock valued at $120,691,000 after purchasing an additional 19,290 shares in the last quarter. Bard Financial Services Inc. increased its stake in General Mills by 0.6% in the 3rd quarter. Bard Financial Services Inc. now owns 108,475 shares of the company’s stock valued at $8,011,000 after buying an additional 700 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of General Mills during the 3rd quarter worth approximately $403,000. Wilmington Savings Fund Society FSB boosted its stake in shares of General Mills by 138.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 37,487 shares of the company’s stock worth $2,768,000 after buying an additional 21,790 shares during the last quarter. Finally, Optimist Retirement Group LLC grew its holdings in shares of General Mills by 19.0% in the third quarter. Optimist Retirement Group LLC now owns 28,362 shares of the company’s stock valued at $2,095,000 after acquiring an additional 4,528 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Down 2.3 %

Shares of GIS opened at $56.52 on Thursday. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The stock has a market cap of $31.16 billion, a PE ratio of 12.29, 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 business’s 50-day moving average price is $59.52 and its 200-day moving average price is $63.18.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. On average, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.25%. The ex-dividend date is Thursday, April 10th. General Mills’s payout ratio is 52.75%.

Insiders Place Their Bets

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 owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

GIS has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley assumed coverage on shares of General Mills in a research report on Monday, March 24th. They set an “underweight” rating and a $53.00 price target for the company. Bank of America lowered their price objective on shares of General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Barclays reduced their target price on shares of 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. Finally, JPMorgan Chase & Co. dropped their price objective on General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $65.69.

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.