Cozad Asset Management Inc. Sells 928 Shares of General Mills, Inc. (NYSE:GIS)

Cozad Asset Management Inc. cut its holdings in General Mills, Inc. (NYSE:GIS) by 2.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 35,856 shares of the company’s stock after selling 928 shares during the period. Cozad Asset Management Inc.’s holdings in General Mills were worth $2,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in General Mills in the 4th quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills during the 4th quarter valued at $31,000. Bank of Jackson Hole Trust bought a new position in shares of General Mills in the fourth quarter worth $34,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Mills in the fourth quarter worth $38,000. 75.71% of the stock is owned by institutional investors.

General Mills Trading Down 0.5 %

NYSE GIS opened at $59.53 on Monday. The firm has a market cap of $32.82 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. The stock has a 50-day moving average of $60.10 and a 200-day moving average of $65.62. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

GIS has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Piper Sandler decreased their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Mizuho lowered their target price on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company cut their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills currently has an average rating of “Hold” and an average target price of $67.71.

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 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.