Gilman Hill Asset Management LLC trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,630 shares of the company’s stock after selling 625 shares during the period. General Mills makes up approximately 2.2% of Gilman Hill Asset Management LLC’s holdings, making the stock its 4th biggest holding. Gilman Hill Asset Management LLC’s holdings in General Mills were worth $6,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GIS. Acima Private Wealth LLC bought a new position in shares of General Mills during the 4th quarter valued at approximately $29,000. We Are One Seven LLC bought a new position in shares of General Mills during the 4th quarter valued at approximately $30,000. Legacy Advisors LLC bought a new position in shares of General Mills during the 1st quarter valued at approximately $31,000. BDO Wealth Advisors LLC bought a new position in General Mills in the 4th quarter valued at $37,000. Finally, Sageworth Trust Co bought a new position in General Mills in the 1st quarter valued at $49,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of GIS stock opened at $50.68 on Thursday. General Mills, Inc. has a twelve month low of $36.42 and a twelve month high of $52.17. The firm has a market capitalization of $30.54 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 2.17 and a beta of 0.78. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.55 and a quick ratio of 0.35.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 20th. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.14. General Mills had a return on equity of 28.11% and a net margin of 9.26%. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the business earned $0.79 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that General Mills, Inc. will post 3.14 EPS for the current year.

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 $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio is 63.02%.

Several equities analysts have commented on GIS shares. TheStreet raised General Mills from a “c+” rating to a “b-” rating in a research report on Friday, March 15th. Deutsche Bank raised General Mills from a “hold” rating to a “buy” rating and upped their price objective for the company from $43.00 to $54.00 in a research report on Thursday, March 14th. Guggenheim reaffirmed a “buy” rating on shares of General Mills in a research report on Tuesday, February 26th. Standpoint Research started coverage on General Mills in a research report on Wednesday, December 26th. They issued a “buy” rating and a $37.59 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of General Mills in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.91.

In related news, insider John R. Church sold 4,719 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $50.78, for a total transaction of $239,630.82. Following the completion of the sale, the insider now directly owns 34,112 shares in the company, valued at approximately $1,732,207.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Kerry Clark sold 7,849 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $44.26, for a total value of $347,396.74. Following the sale, the director now owns 30,215 shares of the company’s stock, valued at $1,337,315.90. The disclosure for this sale can be found here. Insiders sold a total of 452,071 shares of company stock valued at $22,112,181 over the last quarter. Company insiders own 0.59% of the company’s stock.

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About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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

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