Schechter Investment Advisors LLC Sells 314 Shares of General Mills, Inc. (NYSE:GIS)

Schechter Investment Advisors LLC decreased its stake in shares of General Mills, Inc. (NYSE:GIS) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,438 shares of the company’s stock after selling 314 shares during the quarter. Schechter Investment Advisors LLC’s holdings in General Mills were worth $411,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GIS. Endeavor Private Wealth Inc. bought a new position in shares of General Mills during the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Mills during the 4th quarter valued at about $31,000. Bank of Jackson Hole Trust bought a new stake in General Mills during the 4th quarter valued at about $34,000. Planning Capital Management Corp raised its holdings in General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after buying an additional 193 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of General Mills in the fourth quarter worth approximately $38,000. 75.71% of the stock is owned by institutional investors.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s 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 sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

General Mills Trading Down 0.3 %

Shares of General Mills stock opened at $60.96 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The stock has a market capitalization of $33.60 billion, a PE ratio of 13.25, a P/E/G ratio of 1.94 and a beta of 0.10. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. The company’s fifty day simple moving average is $60.35 and its 200-day simple moving average is $66.09.

General Mills (NYSE:GIS) last released its quarterly earnings results 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 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 analyst estimates of $5.14 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. General Mills’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is 52.17%.

Analysts Set New Price Targets

Several brokerages recently weighed in on GIS. Barclays reduced their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Piper Sandler lowered their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. One equities research 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’s stock. Based on data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus price target of $69.06.

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.