Kintegral Advisory LLC Reduces Position in General Mills, Inc. (NYSE:GIS)

Kintegral Advisory LLC decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 108,710 shares of the company’s stock after selling 5,064 shares during the quarter. Kintegral Advisory LLC’s holdings in General Mills were worth $6,932,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Endeavor Private Wealth Inc. bought a new stake in General Mills in the fourth quarter worth $26,000. Values First Advisors Inc. purchased a new position in General Mills in the third quarter worth about $27,000. Bank of Jackson Hole Trust purchased a new stake in General Mills during the fourth quarter valued at approximately $34,000. Planning Capital Management Corp lifted its position in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in General Mills in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 3.1 %

GIS stock opened at $61.02 on Friday. The firm has a market cap of $33.63 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 3.76 and a beta of 0.10. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. The firm has a fifty day moving average price of $60.89 and a two-hundred day moving average price of $66.56. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 EPS. Research analysts predict that General Mills, Inc. will post 4.38 EPS for the current year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GIS shares. TD Cowen reduced their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Citigroup reduced their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Mizuho cut their price target on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company lowered their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.88.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

General Mills Company 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.