International Assets Investment Management LLC Has $377,000 Holdings in General Mills, Inc. (NYSE:GIS)

International Assets Investment Management LLC trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 98.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,934 shares of the company’s stock after selling 444,517 shares during the period. International Assets Investment Management LLC’s holdings in General Mills were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in GIS. Values First Advisors Inc. acquired a new stake in shares of General Mills during the 3rd quarter valued at $27,000. Planning Capital Management Corp increased its stake in shares of 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 purchasing an additional 193 shares during the last quarter. Fairscale Capital LLC bought a new stake in General Mills in the second quarter worth $42,000. Catalyst Capital Advisors LLC bought a new stake in shares of General Mills during the 3rd quarter worth about $44,000. Finally, Rise Advisors LLC boosted its position in General Mills by 46.7% during the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Down 4.0 %

Shares of General Mills stock opened at $58.51 on Friday. The business’s 50 day simple moving average is $64.51 and its 200 day simple moving average is $67.68. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The firm has a market cap of $32.25 billion, a PE ratio of 13.93, a P/E/G ratio of 3.47 and a beta of 0.11. General Mills, Inc. has a 52-week low of $58.27 and a 52-week high of $75.90.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. On average, analysts predict that General Mills, Inc. will post 4.5 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.10%. General Mills’s payout ratio is 52.17%.

Insiders Place Their Bets

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark A. Pallot sold 8,083 shares of General Mills stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total transaction of $576,156.24. Following the completion of the sale, the chief accounting officer now owns 14,813 shares of the company’s stock, valued at $1,055,870.64. This trade represents a 35.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,624 shares of company stock valued at $3,897,326 over the last 90 days. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GIS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. Citigroup cut their price target on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. TD Cowen decreased their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Stifel Nicolaus decreased their target price on shares of General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.31.

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.