General Mills, Inc. $GIS is Capital Management Associates Inc’s 10th Largest Position

Capital Management Associates Inc lessened its position in shares of General Mills, Inc. (NYSE:GIS) by 48.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 244,142 shares of the company’s stock after selling 226,106 shares during the quarter. General Mills makes up about 2.5% of Capital Management Associates Inc’s holdings, making the stock its 10th largest position. Capital Management Associates Inc’s holdings in General Mills were worth $11,353,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC acquired a new position in General Mills during the third quarter worth about $25,000. Close Asset Management Ltd acquired a new stake in shares of General Mills in the third quarter valued at approximately $28,000. Davis Capital Management acquired a new stake in shares of General Mills in the third quarter valued at approximately $29,000. Salomon & Ludwin LLC increased its stake in shares of General Mills by 1,094.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after purchasing an additional 591 shares in the last quarter. Finally, Financial Consulate Inc. acquired a new position in shares of General Mills during the 3rd quarter worth approximately $32,000. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Price Performance

GIS opened at $37.41 on Monday. General Mills, Inc. has a 1 year low of $35.63 and a 1 year high of $62.61. The company’s 50 day simple moving average is $42.85 and its 200 day simple moving average is $45.69. The stock has a market capitalization of $19.97 billion, a PE ratio of 9.15 and a beta of 0.01. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. As a group, sell-side analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is 59.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GIS shares. Sanford C. Bernstein reduced their target price on General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 18th. UBS Group dropped their price target on General Mills from $40.00 to $35.00 and set a “sell” rating for the company in a research report on Thursday, March 19th. Barclays cut their price target on General Mills from $46.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. Evercore set a $45.00 price objective on General Mills in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company lowered General Mills from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $45.00 to $35.00 in a research note on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, General Mills currently has an average rating of “Reduce” and a consensus target price of $43.56.

General Mills Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.