Boston Family Office LLC Has $4.28 Million Position in General Mills, Inc. (NYSE:GIS)

Boston Family Office LLC cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,051 shares of the company’s stock after selling 250 shares during the quarter. Boston Family Office LLC’s holdings in General Mills were worth $4,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GIS. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills during the fourth quarter worth $26,000. CBIZ Investment Advisory Services LLC acquired a new position in General Mills in the 4th quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new position in General Mills in the fourth quarter valued at about $31,000. VSM Wealth Advisory LLC bought a new position in General Mills in the fourth quarter valued at about $32,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of General Mills during the fourth quarter valued at about $34,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GIS. JPMorgan Chase & Co. dropped their price objective on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Mizuho dropped their price target on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. TD Cowen cut their price target 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. Bank of America decreased their price objective on General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Finally, Stifel Nicolaus cut their target price on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, General Mills presently has a consensus rating of “Hold” and an average target price of $65.69.

General Mills Trading Up 1.2 %

NYSE GIS opened at $59.83 on Tuesday. The stock has a market capitalization of $32.98 billion, a P/E ratio of 13.01, a P/E/G ratio of 1.94 and a beta of 0.06. The business has a 50 day simple moving average of $59.97 and a 200 day simple moving average of $64.52. 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 one year low of $55.15 and a one year high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the firm posted $1.17 EPS. The company’s quarterly revenue was down 5.1% on a year-over-year basis. Research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.01%. General Mills’s dividend payout ratio is currently 52.75%.

Insider Transactions at General Mills

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. This represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.26% of the company’s stock.

About General Mills

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.