Schrum Private Wealth Management LLC Sells 12,635 Shares of General Mills, Inc. (NYSE:GIS)

Schrum Private Wealth Management LLC reduced its stake in shares of General Mills, Inc. (NYSE:GIS) by 53.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,227 shares of the company’s stock after selling 12,635 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in General Mills were worth $716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GIS. Endeavor Private Wealth Inc. purchased a new position in General Mills during the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills in the fourth quarter valued at $31,000. Planning Capital Management Corp boosted its holdings in General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after acquiring an additional 193 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of General Mills during the fourth quarter valued at approximately $34,000. Finally, Catalyst Capital Advisors LLC bought a new position in General Mills during the 3rd quarter worth about $44,000. Institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

General Mills Price Performance

Shares of NYSE:GIS opened at $60.96 on Thursday. The firm has a market cap of $33.60 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.94 and a beta of 0.10. The business has a fifty day simple moving average of $60.35 and a 200 day simple moving average of $66.09. 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, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings data 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 return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 3.94%. General Mills’s dividend payout ratio is 52.17%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GIS. TD Cowen lowered their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. 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. Stifel Nicolaus reduced their price target on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Finally, Barclays lowered their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $69.06.

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.