Mather Group LLC. Has $277,000 Stock Position in General Mills, Inc. (NYSE:GIS)

Mather Group LLC. cut its holdings in General Mills, Inc. (NYSE:GIS) by 8.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,349 shares of the company’s stock after selling 401 shares during the quarter. Mather Group LLC.’s holdings in General Mills were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GIS. Values First Advisors Inc. acquired a new stake in shares of General Mills in the 3rd quarter valued at approximately $27,000. Endeavor Private Wealth Inc. bought a new position in General Mills in the 4th quarter valued at approximately $26,000. Planning Capital Management Corp lifted its stake in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in General Mills in the third quarter valued at approximately $44,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Mills during the fourth quarter worth $38,000. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GIS shares. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and raised their price objective for the company from $78.00 to $80.00 in a report on Friday, December 13th. JPMorgan Chase & Co. lifted their price target on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. Wells Fargo & Company cut their target price on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, TD Cowen decreased their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, General Mills has a consensus rating of “Hold” and a consensus price target of $70.94.

Insider Activity

In other General Mills 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Down 0.7 %

Shares of General Mills stock opened at $59.13 on Friday. The stock’s 50-day moving average is $62.60 and its 200 day moving average is $67.21. General Mills, Inc. has a one year low of $57.94 and a one year high of $75.90. The firm has a market cap of $32.60 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 3.88 and a beta of 0.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.06%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

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.