Concentrum Wealth Management Has $660,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Concentrum Wealth Management trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,345 shares of the company’s stock after selling 391 shares during the period. Concentrum Wealth Management’s holdings in General Mills were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. RFG Advisory LLC grew its holdings in shares of General Mills by 2.6% during the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after acquiring an additional 172 shares in the last quarter. TCW Group Inc. grew its stake in General Mills by 0.8% in the fourth quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock valued at $1,471,000 after purchasing an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC increased its position in General Mills by 3.7% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock worth $356,000 after purchasing an additional 197 shares during the last quarter. Howard Capital Management Inc. raised its stake in shares of General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock worth $250,000 after purchasing an additional 198 shares in the last quarter. Finally, LRI Investments LLC lifted its holdings in shares of General Mills by 5.9% during the 3rd quarter. LRI Investments LLC now owns 3,593 shares of the company’s stock valued at $265,000 after buying an additional 200 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on GIS. Piper Sandler lowered their price objective on General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group increased their price target on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. JPMorgan Chase & Co. decreased their price objective on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Citigroup decreased their price target on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Finally, 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 Monday, March 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $65.69.

General Mills Stock Down 2.2 %

Shares of GIS opened at $59.64 on Monday. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The firm has a market cap of $32.87 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15. The firm’s 50-day simple moving average is $59.97 and its 200 day simple moving average is $64.11. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the company posted $1.17 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.02%. General Mills’s dividend payout ratio (DPR) is currently 52.75%.

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.