Quilter Plc Has $1.14 Million Stake in General Mills, Inc. (NYSE:GIS)

Quilter Plc lowered its holdings in General Mills, Inc. (NYSE:GIS) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,906 shares of the company’s stock after selling 5,465 shares during the period. Quilter Plc’s holdings in General Mills were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Brookstone Capital Management grew its position in shares of General Mills by 13.6% in the 3rd quarter. Brookstone Capital Management now owns 15,234 shares of the company’s stock valued at $1,125,000 after acquiring an additional 1,821 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of General Mills by 35.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 21,392 shares of the company’s stock valued at $1,580,000 after acquiring an additional 5,566 shares during the period. Fiduciary Financial Group LLC grew its position in shares of General Mills by 10.8% in the 3rd quarter. Fiduciary Financial Group LLC now owns 4,520 shares of the company’s stock valued at $328,000 after acquiring an additional 442 shares during the period. Ritholtz Wealth Management grew its position in shares of General Mills by 29.6% in the 3rd quarter. Ritholtz Wealth Management now owns 22,889 shares of the company’s stock valued at $1,690,000 after acquiring an additional 5,224 shares during the period. Finally, CRA Financial Services LLC bought a new position in shares of General Mills in the 3rd quarter valued at about $232,000. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GIS. Barclays reduced their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. TD Cowen reduced 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. 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. Stifel Nicolaus reduced their target price on shares of General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.94.

General Mills Price Performance

GIS stock opened at $58.86 on Monday. The company has a 50 day simple moving average of $62.31 and a 200 day simple moving average of $67.14. The stock has a market cap of $32.45 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. Research analysts anticipate that General Mills, Inc. will post 4.4 EPS 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. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

Insider Activity

In other news, Director Maria Sastre sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares in the company, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated 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 sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. 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.