Jump Financial LLC Sells 56,538 Shares of General Mills, Inc. (NYSE:GIS)

Jump Financial LLC decreased its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 92.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,574 shares of the company's stock after selling 56,538 shares during the quarter. Jump Financial LLC's holdings in General Mills were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Endeavor Private Wealth Inc. bought a new position in General Mills during the fourth quarter valued at about $26,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Mills during the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills during the 4th quarter valued at about $31,000. VSM Wealth Advisory LLC bought a new position in shares of General Mills in the 4th quarter valued at approximately $32,000. Finally, Bank of Jackson Hole Trust acquired a new stake in General Mills in the 4th quarter worth approximately $34,000. Institutional investors own 75.71% of the company's stock.

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

General Mills Stock Down 0.4 %

Shares of GIS stock opened at $56.16 on Friday. General Mills, Inc. has a one year low of $55.15 and a one 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. The stock has a fifty day moving average price of $59.32 and a 200 day moving average price of $62.33. The stock has a market cap of $30.96 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.17 EPS. Analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.27%. General Mills's dividend payout ratio is currently 52.75%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group initiated coverage on General Mills in a report on Wednesday. They set a "sell" rating and a $54.00 price target on the stock. Mizuho lowered their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Bank of America cut their target price on shares of General Mills from $70.00 to $68.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company lowered their price target on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group lifted their price objective on General Mills from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $65.00.

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.

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