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

Kathmere Capital Management LLC trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,575 shares of the company’s stock after selling 487 shares during the period. Kathmere Capital Management LLC’s holdings in General Mills were worth $866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Values First Advisors Inc. bought a new stake in shares of General Mills during the 3rd quarter worth about $27,000. Planning Capital Management Corp raised its holdings in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Fairscale Capital LLC acquired a new stake in General Mills in the second quarter worth approximately $42,000. Catalyst Capital Advisors LLC bought a new position in General Mills during the 3rd quarter valued at $44,000. Finally, Rise Advisors LLC increased its position in shares of General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after purchasing an additional 193 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Price Performance

NYSE GIS opened at $58.32 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The firm has a market capitalization of $32.15 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 3.47 and a beta of 0.11. The company has a 50 day simple moving average of $64.15 and a 200-day simple moving average of $67.64. General Mills, Inc. has a 52-week low of $58.20 and a 52-week high of $75.90.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict that General Mills, Inc. will post 4.5 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.12%. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Piper Sandler raised their target price on General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. raised their price objective on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. Stifel Nicolaus decreased their price target on shares of General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, Wells Fargo & Company cut their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.31.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Harmening sold 46,500 shares of General Mills stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This trade represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,541 shares of company stock valued at $3,321,170 in the last three months. Insiders own 0.26% of the company’s stock.

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.