Sentry Investment Management LLC Has $143,000 Holdings in General Mills, Inc. (NYSE:GIS)

Sentry Investment Management LLC lowered its stake in General Mills, Inc. (NYSE:GIS) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,245 shares of the company’s stock after selling 365 shares during the period. Sentry Investment Management LLC’s holdings in General Mills were worth $143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GIS. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of General Mills by 20.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,289 shares of the company’s stock worth $3,517,000 after buying an additional 8,053 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of General Mills by 5.0% in the third quarter. State of Alaska Department of Revenue now owns 64,669 shares of the company’s stock worth $4,775,000 after purchasing an additional 3,065 shares during the period. Boston Financial Mangement LLC increased its stake in shares of General Mills by 38.4% in the third quarter. Boston Financial Mangement LLC now owns 6,114 shares of the company’s stock worth $452,000 after purchasing an additional 1,695 shares during the period. Integrated Advisors Network LLC bought a new position in shares of General Mills in the third quarter worth about $221,000. Finally, Diversify Advisory Services LLC increased its stake in shares of General Mills by 87.8% in the third quarter. Diversify Advisory Services LLC now owns 15,608 shares of the company’s stock worth $1,078,000 after purchasing an additional 7,299 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GIS shares. Piper Sandler dropped their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stifel Nicolaus dropped their price objective on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. TD Cowen dropped their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Barclays dropped their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Citigroup dropped their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.06.

Insider Transactions at General Mills

In related news, 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 transaction of $67,144.50. Following the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by insiders.

General Mills Trading Down 3.8 %

Shares of GIS opened at $59.28 on Thursday. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a 50 day simple moving average of $60.63 and a 200-day simple moving average of $66.38. The stock has a market cap of $32.68 billion, a PE ratio of 12.89, a PEG ratio of 1.94 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the firm posted $1.25 EPS. General Mills’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.05%. General Mills’s payout ratio is presently 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.