Chevy Chase Trust Holdings LLC Sells 8,131 Shares of General Mills, Inc. (NYSE:GIS)

Chevy Chase Trust Holdings LLC lessened its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,563 shares of the company's stock after selling 8,131 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of General Mills worth $18,848,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Good Life Advisors LLC raised its stake in General Mills by 132.8% during the 3rd quarter. Good Life Advisors LLC now owns 11,044 shares of the company's stock valued at $816,000 after buying an additional 6,299 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in General Mills by 0.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 80,313 shares of the company's stock valued at $5,931,000 after acquiring an additional 502 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in General Mills by 4.8% in the third quarter. V Square Quantitative Management LLC now owns 12,721 shares of the company's stock valued at $939,000 after acquiring an additional 586 shares during the period. Claro Advisors LLC grew its stake in shares of General Mills by 17.6% during the 3rd quarter. Claro Advisors LLC now owns 4,795 shares of the company's stock valued at $354,000 after purchasing an additional 719 shares during the period. Finally, Stratos Wealth Advisors LLC increased its position in shares of General Mills by 1.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company's stock valued at $783,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company's stock.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the company's 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 transaction, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GIS has been the subject of several recent research reports. Citigroup cut their target price on shares of General Mills from $71.00 to $67.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company cut their price objective on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Barclays cut their price target on General Mills from $74.00 to $68.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Finally, Stifel Nicolaus lowered their price objective on General Mills from $72.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $69.88.

General Mills Price Performance

Shares of GIS stock traded up $0.38 on Wednesday, reaching $57.94. The company's stock had a trading volume of 3,861,605 shares, compared to its average volume of 4,705,134. The company has a market capitalization of $31.94 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.79 and a beta of 0.10. The stock's fifty day simple moving average is $61.30 and its 200-day simple moving average is $66.72. 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 - Get Free Report) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business's quarterly revenue was up 2.7% on a year-over-year basis. Analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.14%. 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.