Moors & Cabot Inc. Decreases Position in General Mills, Inc. (NYSE:GIS)

Moors & Cabot Inc. lessened its holdings in General Mills, Inc. (NYSE:GIS) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,169 shares of the company’s stock after selling 997 shares during the period. Moors & Cabot Inc.’s holdings in General Mills were worth $2,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. purchased a new position in General Mills in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in General Mills in the 4th quarter valued at approximately $31,000. Planning Capital Management Corp lifted its position 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 worth $37,000 after purchasing an additional 193 shares during the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of General Mills during the 4th quarter worth $34,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Mills during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GIS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. Mizuho decreased their price objective on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Wells Fargo & Company decreased their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Bank of America decreased their price objective on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, Citigroup decreased their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, General Mills currently has an average rating of “Hold” and an average target price of $68.24.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

General Mills Trading Down 3.7 %

NYSE GIS opened at $60.03 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The firm has a market cap of $33.09 billion, a PE ratio of 13.05, a P/E/G ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The firm’s fifty day moving average is $60.26 and its two-hundred day moving average is $65.83.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion for 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%. General Mills’s quarterly revenue 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. Analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.00%. General Mills’s dividend payout ratio is presently 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.