General Mills, Inc. (NYSE:GIS) Stock Holdings Trimmed by Vectors Research Management LLC

Vectors Research Management LLC cut its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,278 shares of the company's stock after selling 13,736 shares during the quarter. Vectors Research Management LLC's holdings in General Mills were worth $528,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GIS. Endeavor Private Wealth Inc. purchased a new position in General Mills during the 4th quarter valued at about $26,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Mills during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of General Mills during the 4th quarter worth approximately $31,000. VSM Wealth Advisory LLC purchased a new stake in General Mills in the 4th quarter valued at approximately $32,000. Finally, Transce3nd LLC acquired a new stake in General Mills during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America reduced their price objective on General Mills from $70.00 to $68.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Royal Bank of Canada restated a "sector perform" rating and issued a $70.00 price target on shares of General Mills in a report on Monday, March 17th. Wells Fargo & Company cut their price objective 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. Stifel Nicolaus lowered their target price on shares of General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, Piper Sandler cut their price target on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, General Mills presently has an average rating of "Hold" and a consensus target price of $65.00.

General Mills Stock Down 0.4 %

NYSE:GIS traded down $0.23 during trading hours on Friday, hitting $56.16. The stock had a trading volume of 3,995,791 shares, compared to its average volume of 5,743,654. The company has a market cap of $30.96 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. The business has a 50 day simple moving average of $59.35 and a two-hundred day simple moving average of $62.51. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. 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 (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the business earned $1.17 EPS. The business's revenue was down 5.1% on a year-over-year basis. Analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is 52.75%.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by company insiders.

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.