Illinois Municipal Retirement Fund Decreases Holdings in General Mills, Inc. (NYSE:GIS)

Illinois Municipal Retirement Fund trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 47.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,205 shares of the company’s stock after selling 25,065 shares during the period. Illinois Municipal Retirement Fund’s holdings in General Mills were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. L.M. Kohn & Company lifted its holdings in shares of General Mills by 2.6% in the 3rd quarter. L.M. Kohn & Company now owns 6,034 shares of the company’s stock valued at $386,000 after purchasing an additional 155 shares during the last quarter. Traverso Chambers Private Wealth Management LLC lifted its holdings in shares of General Mills by 1.0% in the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock valued at $1,052,000 after purchasing an additional 156 shares during the last quarter. TrueWealth Advisors LLC lifted its holdings in shares of General Mills by 4.3% in the 3rd quarter. TrueWealth Advisors LLC now owns 3,837 shares of the company’s stock valued at $246,000 after purchasing an additional 158 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of General Mills by 4.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,170 shares of the company’s stock valued at $267,000 after purchasing an additional 160 shares during the last quarter. Finally, Csenge Advisory Group lifted its holdings in shares of General Mills by 1.0% in the 3rd quarter. Csenge Advisory Group now owns 16,079 shares of the company’s stock valued at $1,029,000 after purchasing an additional 164 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the sale, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 17,726 shares of company stock valued at $1,187,811. 0.24% of the stock is owned by corporate insiders.

General Mills Stock Performance

GIS opened at $71.38 on Friday. The stock has a market cap of $40.54 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.47 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The stock’s 50 day simple moving average is $67.52 and its 200 day simple moving average is $65.53. General Mills, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, equities analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Tuesday, April 9th. General Mills’s payout ratio is currently 54.13%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GIS shares. Stifel Nicolaus reissued a “buy” rating and issued a $77.00 target price on shares of General Mills in a report on Monday. HSBC upped their price objective on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. upped their price objective on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $72.00 price objective on shares of General Mills in a research note on Thursday, March 21st. Finally, TD Cowen upped their price objective on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, General Mills has an average rating of “Hold” and an average price target of $72.18.

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