Smartleaf Asset Management LLC Sells 1,024 Shares of General Mills, Inc. (NYSE:GIS)

Smartleaf Asset Management LLC trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 6.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,442 shares of the company’s stock after selling 1,024 shares during the quarter. Smartleaf Asset Management LLC’s holdings in General Mills were worth $915,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GIS. Endeavor Private Wealth Inc. bought a new position in shares of General Mills in the fourth quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of General Mills in the fourth quarter valued at about $34,000. Planning Capital Management Corp raised its holdings in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of General Mills in the fourth quarter valued at about $38,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of General Mills by 150.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 653 shares of the company’s stock valued at $42,000 after purchasing an additional 392 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Price Performance

GIS opened at $62.07 on Tuesday. The company has a market capitalization of $34.21 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 1.94 and a beta of 0.10. 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 50-day moving average price of $60.46 and a 200-day moving average price of $66.18. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90.

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

General Mills Dividend Announcement

The company also recently disclosed 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 is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.87%. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’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 value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on GIS. Piper Sandler lowered their target price on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Stifel Nicolaus lowered their target price on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. TD Cowen lowered their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Mizuho lowered their target price on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.06.

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.