Coston McIsaac & Partners Sells 7,537 Shares of General Mills, Inc. (NYSE:GIS)

Coston McIsaac & Partners decreased its position in shares of General Mills, Inc. (NYSE:GIS) by 10.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,978 shares of the company’s stock after selling 7,537 shares during the quarter. General Mills makes up 1.2% of Coston McIsaac & Partners’ holdings, making the stock its 28th largest holding. Coston McIsaac & Partners’ holdings in General Mills were worth $4,206,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GIS. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills in the fourth quarter valued at about $26,000. Values First Advisors Inc. bought a new stake in General Mills during the 3rd quarter valued at approximately $27,000. Planning Capital Management Corp lifted its holdings in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in General Mills in the 3rd quarter worth approximately $44,000. Finally, Rise Advisors LLC grew its holdings in General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after buying an additional 193 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 0.2 %

Shares of NYSE:GIS opened at $59.94 on Thursday. The business has a 50 day simple moving average of $63.23 and a two-hundred day simple moving average of $67.42. The firm has a market capitalization of $33.04 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 3.70 and a beta of 0.11. 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, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts predict that General Mills, Inc. will post 4.42 EPS for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.17%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Citigroup decreased their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company cut their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Finally, Barclays dropped their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.94.

Insider Activity at General Mills

In other news, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

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.