Sentry Investment Management LLC Has $201,000 Holdings in General Mills, Inc. (NYSE:GIS)

Sentry Investment Management LLC cut its stake in General Mills, Inc. (NYSE:GIS) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,081 shares of the company’s stock after selling 331 shares during the period. Sentry Investment Management LLC’s holdings in General Mills were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Sippican Capital Advisors grew its position in General Mills by 30.9% during the 4th quarter. Sippican Capital Advisors now owns 18,408 shares of the company’s stock worth $1,199,000 after acquiring an additional 4,345 shares during the last quarter. Mackenzie Financial Corp grew its position in General Mills by 42.0% during the 4th quarter. Mackenzie Financial Corp now owns 470,324 shares of the company’s stock worth $30,637,000 after acquiring an additional 139,103 shares during the last quarter. Bison Wealth LLC grew its position in General Mills by 5.0% during the 4th quarter. Bison Wealth LLC now owns 16,274 shares of the company’s stock worth $1,060,000 after acquiring an additional 769 shares during the last quarter. Cornercap Investment Counsel Inc. grew its position in General Mills by 2.4% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 24,453 shares of the company’s stock worth $1,593,000 after acquiring an additional 580 shares during the last quarter. Finally, Waldron Private Wealth LLC grew its position in General Mills by 5.3% during the 4th quarter. Waldron Private Wealth LLC now owns 3,469 shares of the company’s stock worth $225,000 after acquiring an additional 176 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jonathon Nudi sold 7,671 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $64.15, for a total transaction of $492,094.65. Following the sale, the insider now owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other General Mills news, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total value of $3,870,008.64. Following the sale, the chief executive officer now owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the completion of the sale, the insider now directly owns 102,924 shares in the company, valued at approximately $6,602,574.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,782 shares of company stock valued at $5,057,820. 0.24% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on GIS. Barclays increased their price target on General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. TD Cowen increased their price objective on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $72.00 price objective on shares of General Mills in a research report on Thursday, March 21st. JPMorgan Chase & Co. increased their price objective on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Wells Fargo & Company increased their price objective on General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Mills has an average rating of “Hold” and a consensus target price of $72.18.

General Mills Stock Performance

GIS stock opened at $67.82 on Wednesday. The business’s fifty day moving average is $66.49 and its 200-day moving average is $65.19. 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 company has a market cap of $38.51 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 2.32 and a beta of 0.15. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.48%. The ex-dividend date is Tuesday, April 9th. General Mills’s payout ratio is presently 54.13%.

About General Mills

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.