Howland Capital Management LLC Sells 272 Shares of General Mills, Inc. (NYSE:GIS)

Howland Capital Management LLC lowered its stake in shares of General Mills, Inc. (NYSE:GISFree Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,708 shares of the company’s stock after selling 272 shares during the period. Howland Capital Management LLC’s holdings in General Mills were worth $828,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GIS. Moneta Group Investment Advisors LLC raised its position in shares of General Mills by 123,599.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,076,005 shares of the company’s stock valued at $928,723,000 after buying an additional 11,067,051 shares during the last quarter. Norges Bank acquired a new position in shares of General Mills during the fourth quarter valued at about $382,081,000. Price T Rowe Associates Inc. MD raised its position in shares of General Mills by 101.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,935,085 shares of the company’s stock valued at $592,673,000 after buying an additional 3,496,741 shares during the last quarter. Nordea Investment Management AB raised its position in General Mills by 48.7% in the third quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock worth $325,728,000 after purchasing an additional 1,654,111 shares in the last quarter. Finally, Morgan Stanley raised its position in General Mills by 14.6% in the fourth quarter. Morgan Stanley now owns 8,249,549 shares of the company’s stock worth $691,725,000 after purchasing an additional 1,051,169 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the sale, the chief executive officer now directly owns 318,483 shares in the company, valued at $20,523,044.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,782 shares of company stock worth $5,057,820. Company insiders own 0.24% of the company’s stock.

General Mills Trading Down 1.2 %

GIS stock traded down $0.85 during midday trading on Wednesday, reaching $69.71. The company’s stock had a trading volume of 372,665 shares, compared to its average volume of 4,262,939. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89. The stock has a market cap of $39.59 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.42 and a beta of 0.15. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The business’s 50-day simple moving average is $65.55 and its 200-day simple moving average is $64.91.

General Mills (NYSE:GISGet Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. As a group, sell-side analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a yield of 3.39%. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

Analysts Set New Price Targets

Several research firms recently issued reports on GIS. Mizuho increased their price target on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Barclays increased their price target on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Citigroup began coverage on shares of General Mills in a research report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price target for the company. Evercore ISI dropped their price target on shares of General Mills from $75.00 to $72.00 and set an “in-line” rating for the company in a research report on Monday, December 11th. Finally, Morgan Stanley raised their price objective on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.18.

Check Out Our Latest Research Report on General Mills

About General Mills

(Free Report)

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

Read More

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GISFree Report).

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.