Northwest & Ethical Investments L.P. Sells 23,980 Shares of General Mills, Inc. (NYSE:GIS)

Northwest & Ethical Investments L.P. decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,265 shares of the company’s stock after selling 23,980 shares during the period. Northwest & Ethical Investments L.P.’s holdings in General Mills were worth $5,820,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in General Mills during the fourth quarter valued at $26,000. CBIZ Investment Advisory Services LLC purchased a new stake in General Mills during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in General Mills during the fourth quarter valued at about $31,000. VSM Wealth Advisory LLC purchased a new stake in General Mills during the fourth quarter valued at about $32,000. Finally, Bank of Jackson Hole Trust purchased a new stake in General Mills during the fourth quarter valued at about $34,000. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

General Mills stock opened at $58.31 on Friday. The stock’s 50 day simple moving average is $59.99 and its two-hundred day simple moving average is $65.37. 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 stock has a market cap of $32.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. As a group, analysts expect that General Mills, Inc. will post 4.36 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 Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.12%. General Mills’s payout ratio is 52.17%.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’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 value of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target 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. Stifel Nicolaus lowered their price target on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Jefferies Financial Group lifted their price objective on General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, March 10th. Finally, Piper Sandler decreased their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $66.76.

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.