General Mills, Inc. (NYSE:GIS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 27.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,030 shares of the company’s stock after selling 11,750 shares during the period. Everence Capital Management Inc.’s holdings in General Mills were worth $2,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FWL Investment Management LLC acquired a new position in General Mills during the 4th quarter worth $25,000. Operose Advisors LLC grew its stake in General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after purchasing an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in General Mills during the fourth quarter valued at approximately $28,000. Almanack Investment Partners LLC. bought a new position in General Mills during the 3rd quarter worth approximately $28,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of General Mills in the 3rd quarter valued at approximately $31,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jonathon Nudi sold 7,671 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the transaction, the insider now owns 102,924 shares in the company, valued at approximately $6,602,574.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the sale, the chief executive officer now owns 318,483 shares in the company, valued at $20,523,044.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction on Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the transaction, the insider now owns 102,924 shares in the company, valued at approximately $6,602,574.60. The disclosure for this sale can be found here. Insiders have sold 77,782 shares of company stock worth $5,057,820 in the last three months. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GIS shares. Bank of America boosted their target price on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Wells Fargo & Company raised their target price on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Citigroup assumed coverage on General Mills in a research note on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.18.

General Mills Stock Performance

Shares of NYSE GIS opened at $67.82 on Wednesday. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The stock has a fifty day moving average price of $66.49 and a two-hundred day moving average price of $65.19. The firm has a market cap of $38.51 billion, a P/E ratio of 15.56, a PEG ratio of 2.32 and a beta of 0.15.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same quarter last year, the firm posted $0.97 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.48%. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

General Mills Company 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.