General Mills, Inc. (NYSE:GIS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in General Mills, Inc. (NYSE:GIS) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,610 shares of the company’s stock after selling 2,654 shares during the period. Mutual of America Capital Management LLC’s holdings in General Mills were worth $5,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Values First Advisors Inc. purchased a new stake in shares of General Mills in the third quarter valued at $27,000. First Foundation Advisors lifted its holdings in shares of General Mills by 400.0% during the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares during the period. Planning Capital Management Corp raised its stake 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 purchasing an additional 193 shares during the period. Beacon Capital Management LLC boosted its holdings in General Mills by 47.5% in the first quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock valued at $39,000 after acquiring an additional 180 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of General Mills in the 3rd quarter worth about $44,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other General Mills news, CAO Mark A. Pallot sold 8,083 shares of General Mills stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total transaction of $576,156.24. Following the transaction, the chief accounting officer now owns 14,813 shares of the company’s stock, valued at $1,055,870.64. The trade was a 35.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now directly owns 36,184 shares of the company’s stock, valued at $2,700,411.92. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,555 shares of company stock worth $4,721,336 over the last 90 days. 0.26% of the stock is owned by company insiders.

General Mills Stock Up 1.6 %

GIS opened at $63.80 on Thursday. The stock’s fifty day moving average is $70.00 and its 200-day moving average is $68.70. General Mills, Inc. has a one year low of $61.47 and a one year high of $75.90. The company has a market capitalization of $35.42 billion, a PE ratio of 15.19, a P/E/G ratio of 3.25 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. On average, equities analysts predict that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is currently 57.14%.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on shares of General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Thursday, September 19th. JPMorgan Chase & Co. lifted their target price on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Barclays increased their price target on General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, Bank of America upped their price target on shares of General Mills from $68.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.67.

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.