State of New Jersey Common Pension Fund D Sells 10,413 Shares of General Mills, Inc. (NYSE:GIS)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 198,126 shares of the company’s stock after selling 10,413 shares during the period. State of New Jersey Common Pension Fund D’s holdings in General Mills were worth $12,634,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in General Mills during the fourth quarter worth $26,000. Values First Advisors Inc. bought a new position in shares of General Mills during the 3rd quarter worth about $27,000. Planning Capital Management Corp grew its stake in shares of 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 buying an additional 193 shares during the period. Heck Capital Advisors LLC bought a new stake in General Mills in the 4th quarter valued at about $38,000. Finally, Catalyst Capital Advisors LLC bought a new position in General Mills in the third quarter worth approximately $44,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Down 1.2 %

Shares of NYSE:GIS opened at $58.85 on Tuesday. General Mills, Inc. has a 1 year low of $57.85 and a 1 year high of $75.90. The company has a market capitalization of $32.44 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. The business has a fifty day moving average price of $61.61 and a two-hundred day moving average price of $66.87. 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 posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. Analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.08%. General Mills’s payout ratio is 52.17%.

Analyst Ratings Changes

GIS has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. TD Cowen dropped their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $71.13.

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 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.