Hamel Associates Inc. Sells 5,493 Shares of General Mills, Inc. (NYSE:GIS)

Hamel Associates Inc. decreased its stake in General Mills, Inc. (NYSE:GIS) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,907 shares of the company’s stock after selling 5,493 shares during the period. Hamel Associates Inc.’s holdings in General Mills were worth $3,119,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Jacobi Capital Management LLC increased its holdings in shares of General Mills by 2.5% in the 4th quarter. Jacobi Capital Management LLC now owns 16,755 shares of the company’s stock worth $1,068,000 after buying an additional 407 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of General Mills by 2.5% in the 4th quarter. Metis Global Partners LLC now owns 39,529 shares of the company’s stock worth $2,521,000 after buying an additional 971 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of General Mills by 12.0% during the 4th quarter. Fisher Asset Management LLC now owns 209,730 shares of the company’s stock valued at $13,375,000 after purchasing an additional 22,474 shares during the last quarter. SVB Wealth LLC bought a new position in shares of General Mills during the 4th quarter valued at $1,587,000. Finally, Flputnam Investment Management Co. grew its holdings in shares of General Mills by 5.3% during the 4th quarter. Flputnam Investment Management Co. now owns 81,081 shares of the company’s stock valued at $5,171,000 after purchasing an additional 4,050 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GIS. Citigroup reduced their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. Mizuho reduced their target price on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Barclays reduced their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Finally, Bank of America reduced their target price on shares of General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. One 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, the company has an average rating of “Hold” and an average price target of $69.06.

General Mills Trading Up 1.1 %

Shares of GIS opened at $60.62 on Friday. The firm’s 50-day moving average price is $60.49 and its 200-day moving average price is $66.28. The firm has a market capitalization of $33.42 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.94 and a beta of 0.10. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

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 paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.96%. 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.