Mutual of America Capital Management LLC Trims Holdings in General Mills, Inc. (NYSE:GIS)

Mutual of America Capital Management LLC decreased its holdings in General Mills, Inc. (NYSE:GIS) by 5.0% in the 4th quarter, Holdings Channel reports. The firm owned 77,947 shares of the company’s stock after selling 4,100 shares during the period. Mutual of America Capital Management LLC’s holdings in General Mills were worth $5,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its stake in General Mills by 123,599.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,076,005 shares of the company’s stock valued at $928,723,000 after buying an additional 11,067,051 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in General Mills by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,852,150 shares of the company’s stock valued at $734,907,000 after purchasing an additional 75,902 shares in the last quarter. Morgan Stanley lifted its holdings in General Mills by 14.6% in the 4th quarter. Morgan Stanley now owns 8,249,549 shares of the company’s stock valued at $691,725,000 after purchasing an additional 1,051,169 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of General Mills by 5.0% during the 3rd quarter. Northern Trust Corp now owns 7,995,118 shares of the company’s stock worth $511,608,000 after acquiring an additional 379,702 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of General Mills by 101.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,935,085 shares of the company’s stock worth $592,673,000 after acquiring an additional 3,496,741 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GIS shares. Royal Bank of Canada reissued a “sector perform” rating and set a $72.00 target price on shares of General Mills in a research report on Thursday, March 21st. Mizuho raised their price target on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. HSBC raised their price target on shares of General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. raised their price objective on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Stifel Nicolaus raised their price objective on General Mills from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.18.

General Mills Price Performance

General Mills stock opened at $66.20 on Monday. The business’s 50-day simple moving average is $66.36 and its 200 day simple moving average is $65.14. The stock has a market cap of $37.59 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 2.28 and a beta of 0.15. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 earnings per share. As a group, research analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 54.13%.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the transaction, the chief executive officer now owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares in the company, valued at approximately $6,462,899.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the sale, the chief executive officer now owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,782 shares of company stock valued at $5,057,820. 0.24% of the stock is owned by insiders.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.