Cadence Capital Management LLC lowered its holdings in General Mills, Inc. (NYSE:GIS) by 27.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,057 shares of the company’s stock after selling 60,214 shares during the period. Cadence Capital Management LLC’s holdings in General Mills were worth $9,430,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in GIS. Cable Hill Partners LLC raised its holdings in shares of General Mills by 274.5% in the 3rd quarter. Cable Hill Partners LLC now owns 2,247 shares of the company’s stock valued at $116,000 after acquiring an additional 1,647 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of General Mills by 322.7% in the 3rd quarter. Grove Bank & Trust now owns 2,460 shares of the company’s stock valued at $127,000 after acquiring an additional 1,878 shares in the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of General Mills by 127.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 2,605 shares of the company’s stock valued at $135,000 after acquiring an additional 1,459 shares in the last quarter. Spectrum Management Group Inc. purchased a new stake in shares of General Mills in the 3rd quarter valued at about $135,000. Finally, Americafirst Capital Management LLC purchased a new stake in shares of General Mills in the 2nd quarter valued at about $158,000. 72.59% of the stock is currently owned by hedge funds and other institutional investors.
General Mills, Inc. (NYSE GIS) opened at $55.81 on Thursday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.53. The company has a market capitalization of $31,177.91, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. General Mills, Inc. has a 12 month low of $49.65 and a 12 month high of $63.27.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.51%. General Mills’s dividend payout ratio (DPR) is currently 71.79%.
Several analysts have weighed in on the company. Piper Jaffray Companies raised General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 price target on the stock in a report on Wednesday, January 3rd. Edward Jones reaffirmed a “hold” rating on shares of General Mills in a report on Wednesday, December 20th. Susquehanna Bancshares set a $60.00 price target on General Mills and gave the company a “hold” rating in a report on Tuesday, December 19th. BMO Capital Markets reissued a “neutral” rating on shares of General Mills in a report on Friday, December 22nd. Finally, Zacks Investment Research cut General Mills from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. General Mills currently has an average rating of “Hold” and a consensus price target of $58.28.
In other General Mills news, insider Bethany C. Quam sold 8,712 shares of General Mills stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the transaction, the insider now directly owns 36,089 shares of the company’s stock, valued at approximately $2,143,686.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.
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General Mills Company Profile
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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