Morgan Dempsey Capital Management LLC Has $5.52 Million Position in General Mills, Inc. (NYSE:GIS)

Morgan Dempsey Capital Management LLC lowered its holdings in General Mills, Inc. (NYSE:GIS) by 11.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 86,562 shares of the company’s stock after selling 11,698 shares during the quarter. General Mills accounts for about 2.2% of Morgan Dempsey Capital Management LLC’s holdings, making the stock its 25th biggest position. Morgan Dempsey Capital Management LLC’s holdings in General Mills were worth $5,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the business. Endeavor Private Wealth Inc. purchased a new position in General Mills during the 4th quarter worth $26,000. 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 worth $37,000 after acquiring an additional 193 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in General Mills during the 4th quarter worth $34,000. Catalyst Capital Advisors LLC purchased a new position in General Mills during the 3rd quarter worth $44,000. Finally, Heck Capital Advisors LLC purchased a new position in General Mills during the 4th quarter worth $38,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following 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 transaction was disclosed in a document filed 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

NYSE GIS opened at $60.62 on Friday. The company has a market cap of $33.42 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. General Mills, Inc. has a 52 week low of $55.15 and a 52 week 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 firm’s 50-day simple moving average is $60.49 and its two-hundred day simple moving average is $66.26.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. 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 company’s revenue was up 2.7% on a year-over-year basis. Research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

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 given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.17%.

Wall Street Analyst Weigh In

GIS has been the topic of a number of analyst reports. TD Cowen cut their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus cut their price target on shares of General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Citigroup cut their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $69.06.

General Mills 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.