General Mills, Inc. (NYSE:GIS) Shares Sold by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,110 shares of the company’s stock after selling 2,316 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in General Mills were worth $1,155,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GIS. Endeavor Private Wealth Inc. acquired a new position in General Mills in the fourth quarter worth approximately $26,000. Values First Advisors Inc. purchased a new stake in shares of General Mills during the 3rd quarter worth about $27,000. Planning Capital Management Corp lifted its holdings in shares of General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after buying an additional 193 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of General Mills in the 4th quarter valued at approximately $38,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of General Mills in the third quarter worth $44,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and increased their target price for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Stifel Nicolaus dropped their price objective on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Wells Fargo & Company decreased their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.94.

Insider Buying and Selling

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated 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 of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

General Mills Stock Down 0.6 %

Shares of General Mills stock opened at $58.86 on Monday. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90. The firm has a market cap of $32.45 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 3.82 and a beta of 0.10. The company has a 50-day moving average of $62.31 and a 200 day moving average of $67.14. 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 announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 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 up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 earnings per share. As a group, sell-side analysts anticipate that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. General Mills’s dividend payout ratio (DPR) 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.