Sentry Investment Management LLC Has $201,000 Holdings in General Mills, Inc. (NYSE:GIS)

Sentry Investment Management LLC decreased its position in General Mills, Inc. (NYSE:GIS) by 9.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,081 shares of the company’s stock after selling 331 shares during the period. Sentry Investment Management LLC’s holdings in General Mills were worth $201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its stake in General Mills by 2.2% in the 1st quarter. IHT Wealth Management LLC now owns 5,817 shares of the company’s stock valued at $497,000 after buying an additional 126 shares during the last quarter. Atlas Capital Advisors LLC grew its position in shares of General Mills by 2.1% during the 4th quarter. Atlas Capital Advisors LLC now owns 6,575 shares of the company’s stock valued at $551,000 after acquiring an additional 136 shares during the period. L.M. Kohn & Company grew its position in shares of General Mills by 2.6% during the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock valued at $386,000 after acquiring an additional 155 shares during the period. Traverso Chambers Private Wealth Management LLC grew its position in shares of General Mills by 1.0% during the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after acquiring an additional 156 shares during the period. Finally, TrueWealth Advisors LLC grew its position in shares of General Mills by 4.3% during the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock valued at $246,000 after acquiring an additional 158 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GIS shares. TD Cowen increased their target price on shares of General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. increased their target price on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Citigroup began coverage on shares of General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective for the company. HSBC raised their price objective on shares of General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. Finally, Bank of America raised their price objective on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.18.

General Mills Stock Performance

NYSE GIS opened at $67.82 on Wednesday. The company’s 50 day simple moving average is $66.49 and its two-hundred day simple moving average is $65.19. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The stock has a market capitalization of $38.51 billion, a PE ratio of 15.56, a P/E/G ratio of 2.32 and a beta of 0.15. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. Analysts predict that General Mills, Inc. will post 4.51 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 Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Tuesday, April 9th. General Mills’s payout ratio is presently 54.13%.

Insider Buying and Selling

In related news, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction on Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the transaction, the insider now owns 102,924 shares in the company, valued at approximately $6,602,574.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other General Mills news, CEO Jeffrey L. Harmening sold 60,056 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the sale, the chief executive officer now owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jonathon Nudi sold 7,671 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65. Following the completion of the sale, the insider now directly owns 102,924 shares in the company, valued at approximately $6,602,574.60. The disclosure for this sale can be found here. Insiders have sold a total of 77,782 shares of company stock worth $5,057,820 in the last 90 days. 0.24% of the stock is owned by company insiders.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.