General Mills, Inc. (NYSE:GIS) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC reduced its position in General Mills, Inc. (NYSE:GIS) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,354 shares of the company’s stock after selling 291 shares during the period. NorthCrest Asset Manangement LLC’s holdings in General Mills were worth $13,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Values First Advisors Inc. acquired a new position in shares of General Mills during the third quarter valued at approximately $27,000. Planning Capital Management Corp increased its position in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in General Mills in the third quarter valued at approximately $44,000. Rise Advisors LLC grew its holdings in shares of General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after purchasing an additional 193 shares during the period. Finally, Fairscale Capital LLC acquired a new stake in shares of General Mills during the second quarter valued at about $42,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GIS has been the topic of several research reports. Stifel Nicolaus decreased their target price on General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft cut their price target on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. 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. TD Cowen dropped their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their target price on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, General Mills currently has an average rating of “Hold” and a consensus price target of $71.31.

Insider Activity

In other General Mills news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,624 shares of company stock valued at $3,897,326 in the last three months. Corporate insiders own 0.26% of the company’s stock.

General Mills Price Performance

Shares of General Mills stock traded down $1.19 during trading on Friday, hitting $59.18. 1,182,516 shares of the company were exchanged, compared to its average volume of 3,735,700. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a fifty-two week low of $59.10 and a fifty-two week high of $75.90. The firm has a 50 day moving average price of $64.71 and a 200 day moving average price of $67.74. The stock has a market capitalization of $32.62 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 3.47 and a beta of 0.11.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that General Mills, Inc. will post 4.5 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.06%. General Mills’s dividend payout ratio (DPR) is 52.17%.

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.