DE Burlo Group Inc. Reduces Stock Position in General Mills, Inc. (NYSE:GIS)

DE Burlo Group Inc. decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,850 shares of the company’s stock after selling 1,100 shares during the quarter. DE Burlo Group Inc.’s holdings in General Mills were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its holdings in General Mills by 21.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 15,133 shares of the company’s stock worth $965,000 after purchasing an additional 2,644 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of General Mills by 1.1% in the fourth quarter. Voya Investment Management LLC now owns 306,181 shares of the company’s stock worth $19,525,000 after buying an additional 3,440 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of General Mills by 52.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 22,900 shares of the company’s stock valued at $1,460,000 after acquiring an additional 7,911 shares during the period. MGO One Seven LLC grew its stake in General Mills by 3.9% during the fourth quarter. MGO One Seven LLC now owns 33,342 shares of the company’s stock valued at $2,126,000 after acquiring an additional 1,247 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in General Mills by 481.4% during the 4th quarter. Pinebridge Investments L.P. now owns 450,855 shares of the company’s stock worth $28,751,000 after acquiring an additional 373,303 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The transaction 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.

General Mills Stock Performance

NYSE GIS opened at $56.16 on Friday. The firm has a market cap of $30.96 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.94 and a beta of 0.15. The company has a 50-day simple moving average of $59.32 and a two-hundred day simple moving average of $62.40. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90.

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

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 annualized dividend and a yield of 4.27%. General Mills’s payout ratio is currently 52.75%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Mizuho dropped their price target on General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. 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 Monday, March 17th. Finally, Jefferies Financial Group raised their target price 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. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills has an average rating of “Hold” and a consensus price target of $65.00.

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.