Asset Dedication LLC Sells 525 Shares of General Mills, Inc. (NYSE:GIS)

Asset Dedication LLC trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 35.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 972 shares of the company’s stock after selling 525 shares during the period. Asset Dedication LLC’s holdings in General Mills were worth $62,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in GIS. Mesirow Financial Investment Management Inc. grew its position in General Mills by 1.1% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after purchasing an additional 148 shares during the period. Ballentine Partners LLC grew its holdings in shares of General Mills by 1.1% in the third quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock worth $1,097,000 after acquiring an additional 165 shares during the period. RFG Advisory LLC increased its position in General Mills by 2.6% during the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after acquiring an additional 172 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in General Mills by 1.7% in the third quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock valued at $783,000 after acquiring an additional 173 shares during the period. Finally, Thrive Wealth Management LLC boosted its position in General Mills by 2.8% in the third quarter. Thrive Wealth Management LLC now owns 6,528 shares of the company’s stock worth $482,000 after purchasing an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In other General Mills news, Director Maria Sastre sold 1,000 shares of the business’s 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 directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills 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 sale, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GIS shares. Stifel Nicolaus lowered their price objective on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. TD Cowen lowered their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Citigroup reduced their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company cut their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price objective on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.94.

General Mills Stock Performance

Shares of NYSE:GIS opened at $60.66 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 52 week low of $57.94 and a 52 week high of $75.90. The firm has a fifty day simple moving average of $63.15 and a two-hundred day simple moving average of $67.36. The stock has a market capitalization of $33.44 billion, a P/E ratio of 13.19, a PEG ratio of 3.70 and a beta of 0.11.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 earnings per share. On average, analysts expect that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.17%.

General Mills 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.