General Mills, Inc. (NYSE:GIS) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC reduced its stake in General Mills, Inc. (NYSE:GIS) by 53.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,227 shares of the company’s stock after selling 12,635 shares during the period. Schrum Private Wealth Management LLC’s holdings in General Mills were worth $716,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. acquired a new position in General Mills during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills during the 4th quarter valued at $31,000. Planning Capital Management Corp lifted 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 acquiring an additional 193 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of General Mills in the fourth quarter valued at approximately $34,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of General Mills during the 3rd quarter worth about $44,000. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

NYSE GIS opened at $60.96 on Thursday. General Mills, Inc. has a 52-week low of $55.15 and a 52-week high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm has a market capitalization of $33.60 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. The company has a 50 day simple moving average of $60.35 and a 200-day simple moving average of $66.09.

General Mills (NYSE:GIS) last released its quarterly earnings data 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. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the company posted $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 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.94%. The ex-dividend date is Thursday, April 10th. General Mills’s payout ratio is 52.17%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was 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 trade represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Piper Sandler lowered their target price on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a report on Tuesday, February 25th. Finally, Citigroup reduced their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $69.06.

About General Mills

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.