Courier Capital LLC Has $591,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Courier Capital LLC lowered its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 63.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,271 shares of the company's stock after selling 16,065 shares during the quarter. Courier Capital LLC's holdings in General Mills were worth $591,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. 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 worth $2,474,177,000 after acquiring an additional 2,867,678 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of General Mills by 64.5% in the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock valued at $497,054,000 after purchasing an additional 3,058,414 shares during the period. JPMorgan Chase & Co. increased its stake in 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 in the last quarter. Legal & General Group Plc raised its holdings in General Mills by 6.1% during the 2nd quarter. Legal & General Group Plc now owns 5,629,943 shares of the company's stock worth $356,151,000 after buying an additional 323,090 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of General Mills by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company's stock valued at $342,478,000 after acquiring an additional 148,235 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Performance

Shares of GIS traded down $0.59 during mid-day trading on Tuesday, hitting $58.74. The company's stock had a trading volume of 3,170,771 shares, compared to its average volume of 4,557,832. General Mills, Inc. has a one year low of $58.27 and a one year high of $75.90. The stock's 50-day moving average is $64.34 and its two-hundred day moving average is $67.67. The firm has a market capitalization of $32.38 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 3.47 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the firm earned $1.25 EPS. The business's revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 4.09%. General Mills's dividend payout ratio is 52.17%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Piper Sandler increased their price objective on General Mills from $74.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, September 19th. Royal Bank of Canada restated a "sector perform" rating and set a $70.00 price target on shares of General Mills in a report on Thursday, December 19th. Stifel Nicolaus decreased their target price on shares of General Mills from $82.00 to $78.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Citigroup dropped their price target on shares of General Mills from $71.00 to $67.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. One equities 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $71.31.

Insider Buying and Selling at General Mills

In other news, Director Maria Sastre sold 1,000 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company'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 approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,541 shares of company stock valued at $3,321,170 in the last quarter. Corporate 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.