General Mills, Inc. (NYSE:GIS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 99,256 shares of the company’s stock after selling 3,170 shares during the quarter. Yousif Capital Management LLC’s holdings in General Mills were worth $6,466,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GIS. Operose Advisors LLC grew its holdings in General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares during the period. Bruce G. Allen Investments LLC acquired a new position in General Mills during the fourth quarter worth about $28,000. Authentikos Wealth Advisory LLC acquired a new position in General Mills during the third quarter worth about $31,000. HHM Wealth Advisors LLC acquired a new position in General Mills during the third quarter worth about $32,000. Finally, Fortitude Family Office LLC acquired a new position in General Mills during the fourth quarter worth about $40,000. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Down 0.3 %

Shares of GIS stock opened at $71.38 on Friday. The stock’s 50 day simple moving average is $67.52 and its 200 day simple moving average is $65.53. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The company has a market capitalization of $40.54 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 2.47 and a beta of 0.15.

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

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s payout ratio is 54.13%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays lifted their target price on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. lifted their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. TD Cowen increased their price target on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price target on shares of General Mills in a research report on Monday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $72.18.

Insider Activity at General Mills

In other General Mills 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 value of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 17,726 shares of company stock valued at $1,187,811. Corporate insiders own 0.24% of the company’s stock.

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.