National Bank of Canada FI Sells 27,166 Shares of General Mills, Inc. (NYSE:GIS)

National Bank of Canada FI cut its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 520,748 shares of the company's stock after selling 27,166 shares during the period. National Bank of Canada FI owned 0.09% of General Mills worth $33,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. RFG Advisory LLC grew its stake in General Mills by 2.6% in 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 period. TCW Group Inc. raised its stake in shares of General Mills by 0.8% in the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company's stock worth $1,471,000 after purchasing an additional 194 shares during the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in shares of General Mills by 3.7% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company's stock valued at $356,000 after purchasing an additional 197 shares in the last quarter. Howard Capital Management Inc. grew its holdings in General Mills by 5.3% during the fourth quarter. Howard Capital Management Inc. now owns 3,916 shares of the company's stock worth $250,000 after buying an additional 198 shares in the last quarter. Finally, LRI Investments LLC raised its holdings in shares of General Mills by 5.9% in the third quarter. LRI Investments LLC now owns 3,593 shares of the company's stock valued at $265,000 after purchasing an additional 200 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Stifel Nicolaus cut their target price on shares of General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a research report on Monday, March 17th. Wells Fargo & Company decreased their target price on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Finally, Citigroup lowered their price target on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, General Mills presently has an average rating of "Hold" and a consensus target price of $65.69.

Insider Activity

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

General Mills Trading Down 1.4 %

Shares of General Mills stock traded down $0.86 during trading on Monday, reaching $58.75. 2,889,759 shares of the stock were exchanged, compared to its average volume of 5,870,292. The stock's fifty day moving average is $59.97 and its 200 day moving average is $64.11. The firm has a market cap of $32.38 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. 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 1 year low of $55.15 and a 1 year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. As a group, equities research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio is presently 52.75%.

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.