General Mills, Inc. (NYSE:GIS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in General Mills, Inc. (NYSE:GISFree Report) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,047 shares of the company’s stock after selling 2,590 shares during the quarter. Mutual of America Capital Management LLC’s holdings in General Mills were worth $5,250,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cibc World Market Inc. lifted its holdings in shares of General Mills by 4.8% during the first quarter. Cibc World Market Inc. now owns 22,026 shares of the company’s stock valued at $1,492,000 after purchasing an additional 1,003 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in General Mills by 45.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,867 shares of the company’s stock worth $397,000 after acquiring an additional 1,828 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its stake in General Mills by 2.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 73,176 shares of the company’s stock worth $4,955,000 after acquiring an additional 1,503 shares in the last quarter. Baird Financial Group Inc. lifted its stake in General Mills by 2.3% in the 1st quarter. Baird Financial Group Inc. now owns 279,604 shares of the company’s stock worth $18,935,000 after acquiring an additional 6,176 shares in the last quarter. Finally, Covestor Ltd lifted its stake in General Mills by 15.3% in the 1st quarter. Covestor Ltd now owns 1,834 shares of the company’s stock worth $124,000 after acquiring an additional 244 shares in the last quarter. Institutional investors own 75.31% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the completion of the transaction, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jonathon Nudi sold 7,671 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65. Following the completion of the transaction, the insider now directly owns 102,924 shares of the company’s stock, valued at $6,602,574.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the transaction, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

General Mills Trading Down 2.7 %

NYSE GIS opened at $62.34 on Monday. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The stock has a 50-day simple moving average of $64.73 and a 200 day simple moving average of $65.87. The company has a market capitalization of $35.40 billion, a PE ratio of 15.17, a P/E/G ratio of 2.18 and a beta of 0.16. The company has a current ratio of 0.64, a quick ratio of 0.36 and a debt-to-equity ratio of 1.09.

General Mills (NYSE:GISGet Free Report) last announced its quarterly earnings results on Wednesday, December 20th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.09. General Mills had a return on equity of 25.44% and a net margin of 12.06%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Research analysts forecast that General Mills, Inc. will post 4.49 EPS for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a dividend yield of 3.79%. General Mills’s dividend payout ratio (DPR) is currently 57.42%.

Wall Street Analyst Weigh In

GIS has been the subject of several research analyst reports. Piper Sandler reduced their price objective on General Mills from $77.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, December 15th. Royal Bank of Canada reduced their price objective on General Mills from $74.00 to $72.00 and set a “sector perform” rating for the company in a research note on Thursday, December 21st. Mizuho dropped their target price on General Mills from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, December 22nd. Citigroup started coverage on General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, Bank of America dropped their target price on General Mills from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, General Mills currently has an average rating of “Hold” and a consensus price target of $72.67.

View Our Latest Report on General Mills

General Mills Profile

(Free Report)

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

See Also

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.