DeDora Capital Inc. Trims Stock Position in General Mills, Inc. (NYSE:GIS)

DeDora Capital Inc. cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,970 shares of the company’s stock after selling 176 shares during the quarter. DeDora Capital Inc.’s holdings in General Mills were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GIS. Endeavor Private Wealth Inc. purchased a new position in General Mills during the fourth quarter worth about $26,000. Values First Advisors Inc. purchased a new position in shares of General Mills in the 3rd quarter worth about $27,000. Planning Capital Management Corp raised its holdings in shares of General Mills by 61.5% in 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 period. Heck Capital Advisors LLC purchased a new position in shares of General Mills in the 4th quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of General Mills in the 3rd quarter worth about $44,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Mizuho cut their price objective on General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a report on Thursday, December 19th. Citigroup cut their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, TD Cowen cut their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus price target of $71.13.

General Mills Price Performance

Shares of NYSE GIS opened at $58.85 on Friday. General Mills, Inc. has a fifty-two week low of $57.85 and a fifty-two week high of $75.90. The business has a 50 day moving average price of $61.74 and a two-hundred day moving average price of $66.93. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a market cap of $32.44 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating 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 firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the firm earned $1.25 EPS. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.08%. General Mills’s payout ratio is 52.17%.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

General Mills Company 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.