Knights of Columbus Asset Advisors LLC Has $3.77 Million Position in General Mills, Inc. (NYSE:GIS)

Knights of Columbus Asset Advisors LLC lessened its position in General Mills, Inc. (NYSE:GIS) by 67.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,071 shares of the company’s stock after selling 120,916 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in General Mills were worth $3,767,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new stake in General Mills in the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC bought a new stake in shares of General Mills during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills during the fourth quarter worth $31,000. VSM Wealth Advisory LLC bought a new stake in shares of General Mills during the fourth quarter worth $32,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of General Mills during the fourth quarter worth $34,000. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Performance

Shares of NYSE:GIS opened at $58.78 on Friday. The firm has a market cap of $32.40 billion, a PE ratio of 12.78, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company’s 50 day moving average price is $60.00 and its two-hundred day moving average price is $65.28.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. Equities research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. General Mills’s payout ratio is 52.75%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GIS. Citigroup lowered their price objective on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Mizuho reduced their target price on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday. Barclays reduced their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Jefferies Financial Group increased their price target on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 10th. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $66.53.

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.