General Mills, Inc. (NYSE:GIS) Shares Sold by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,406 shares of the company’s stock after selling 598 shares during the period. M. Kulyk & Associates LLC’s holdings in General Mills were worth $4,872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Endeavor Private Wealth Inc. acquired a new stake in General Mills in the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in General Mills in the fourth quarter valued at $31,000. Bank of Jackson Hole Trust acquired a new stake in General Mills in the fourth quarter valued at $34,000. Planning Capital Management Corp grew its holdings in General Mills by 61.5% in the third 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. Finally, Heck Capital Advisors LLC acquired a new stake in General Mills in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

GIS has been the topic of several research reports. Bank of America lowered their target price on General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Citigroup lowered their target price on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company lowered their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Mizuho reduced their price objective on General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. One research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.06.

General Mills Stock Performance

NYSE GIS opened at $64.53 on Friday. The business’s 50-day moving average price is $60.33 and its 200 day moving average price is $66.00. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The company has a market capitalization of $35.57 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping 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 firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. 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 3.72%. General Mills’s dividend payout ratio (DPR) is 52.17%.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

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.