Mutual of America Capital Management LLC Sells 2,402 Shares of General Mills, Inc. (NYSE:GIS)

Mutual of America Capital Management LLC lowered its position in General Mills, Inc. (NYSE:GIS) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,140 shares of the company’s stock after selling 2,402 shares during the quarter. Mutual of America Capital Management LLC’s holdings in General Mills were worth $3,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Perpetual Ltd grew its stake in General Mills by 3.5% in the first quarter. Perpetual Ltd now owns 5,411 shares of the company’s stock worth $324,000 after purchasing an additional 184 shares in the last quarter. Conning Inc. boosted its position in General Mills by 4.6% during the 1st quarter. Conning Inc. now owns 4,212 shares of the company’s stock valued at $252,000 after acquiring an additional 185 shares in the last quarter. City Center Advisors LLC boosted its position in General Mills by 3.4% during the 1st quarter. City Center Advisors LLC now owns 6,071 shares of the company’s stock valued at $363,000 after acquiring an additional 202 shares in the last quarter. Security National Bank of SO Dak boosted its position in General Mills by 0.7% during the 4th quarter. Security National Bank of SO Dak now owns 31,290 shares of the company’s stock valued at $1,995,000 after acquiring an additional 205 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its position in General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock valued at $31,000 after acquiring an additional 211 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

GIS has been the topic of several recent research reports. Morgan Stanley reaffirmed an “underweight” rating and set a $51.00 target price (down previously from $53.00) on shares of General Mills in a research report on Tuesday, June 24th. Wells Fargo & Company set a $53.00 target price on General Mills and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Bank of America dropped their target price on General Mills from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Wall Street Zen raised General Mills from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Stifel Nicolaus dropped their target price on General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, General Mills has an average rating of “Hold” and a consensus price target of $59.73.

General Mills Stock Performance

Shares of GIS stock opened at $49.80 on Friday. The firm has a market capitalization of $27.01 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 1.26 and a beta of -0.01. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.43. The business has a fifty day moving average of $51.81 and a 200 day moving average of $55.92. General Mills, Inc. has a 1 year low of $48.59 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. As a group, research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a $0.61 dividend. This is a positive change from General Mills’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 4.9%. General Mills’s dividend payout ratio (DPR) is 59.51%.

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.