Jmac Enterprises LLC Sells 274 Shares of General Mills, Inc. (NYSE:GIS)

Jmac Enterprises LLC reduced its holdings in General Mills, Inc. (NYSE:GIS) by 2.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,632 shares of the company’s stock after selling 274 shares during the quarter. Jmac Enterprises LLC’s holdings in General Mills were worth $806,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GIS. Nordea Investment Management AB boosted its holdings in General Mills by 64.5% in the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after acquiring an additional 3,058,414 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after purchasing an additional 2,926,232 shares during the period. State Street Corp boosted its stake in shares of General Mills by 9.4% during the 3rd quarter. State Street Corp now owns 33,502,737 shares of the company’s stock valued at $2,474,177,000 after purchasing an additional 2,867,678 shares in the last quarter. Nepsis Inc. increased its position in shares of General Mills by 3,504.8% during the fourth quarter. Nepsis Inc. now owns 2,164,395 shares of the company’s stock valued at $138,023,000 after buying an additional 2,104,353 shares during the period. Finally, International Assets Investment Management LLC raised its stake in General Mills by 6,114.0% in the third quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock worth $33,266,000 after buying an additional 443,202 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was 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 directly owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on GIS shares. Stifel Nicolaus cut their price objective on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and upped their price target for the stock from $78.00 to $80.00 in a research note on Friday, December 13th. Mizuho lowered their price objective on General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday. 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 research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.13.

General Mills Price Performance

Shares of NYSE GIS opened at $59.37 on Wednesday. The firm has a market cap of $32.72 billion, a P/E ratio of 12.91, a PEG ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a twelve month low of $57.85 and a twelve month high of $75.90. 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 company has a 50 day moving average of $62.13 and a 200 day moving average of $67.09.

General Mills (NYSE:GIS) last posted its quarterly 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. 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 analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. As a group, research analysts expect that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s 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.