Cypress Capital Management LLC WY Sells 1,338 Shares of General Mills, Inc. (NYSE:GIS)

Cypress Capital Management LLC WY lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 6.5% in the fourth quarter, Holdings Channel reports. The firm owned 19,135 shares of the company’s stock after selling 1,338 shares during the period. General Mills comprises about 1.4% of Cypress Capital Management LLC WY’s holdings, making the stock its 23rd biggest position. Cypress Capital Management LLC WY’s holdings in General Mills were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC lifted its holdings in shares of 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 buying an additional 274 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of General Mills during the fourth quarter worth approximately $28,000. Authentikos Wealth Advisory LLC acquired a new position in shares of General Mills during the third quarter worth approximately $31,000. HHM Wealth Advisors LLC acquired a new position in shares of General Mills in the third quarter valued at $32,000. Finally, Fortitude Family Office LLC acquired a new position in shares of General Mills in the fourth quarter valued at $40,000. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on GIS. Bank of America upped their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Barclays upped their price target on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Wells Fargo & Company upped their price target on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. TD Cowen increased their target price on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. increased 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. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $72.18.

General Mills Trading Down 0.7 %

NYSE:GIS traded down $0.49 during mid-day trading on Monday, hitting $70.34. The company had a trading volume of 2,425,412 shares, compared to its average volume of 4,233,824. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $90.89. The business’s fifty day moving average is $67.65 and its two-hundred day moving average is $65.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a market cap of $39.95 billion, a P/E ratio of 16.25, a P/E/G ratio of 2.44 and a beta of 0.15.

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

General Mills Dividend Announcement

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 3.36%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio is presently 54.13%.

Insider Activity at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the business’s 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 transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.