Seamount Financial Group Inc. Has $432,000 Holdings in General Mills, Inc. (NYSE:GIS)

Seamount Financial Group Inc. trimmed its stake in General Mills, Inc. (NYSE:GIS) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,780 shares of the company’s stock after selling 350 shares during the period. Seamount Financial Group Inc.’s holdings in General Mills were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GIS. Endeavor Private Wealth Inc. bought a new position in shares of General Mills during the fourth quarter worth about $26,000. Values First Advisors Inc. bought a new stake in shares of General Mills in the 3rd quarter valued at $27,000. Planning Capital Management Corp increased its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after buying an additional 193 shares during the period. Heck Capital Advisors LLC bought a new position in General Mills during the fourth quarter worth $38,000. Finally, Catalyst Capital Advisors LLC acquired a new position in General Mills in the third quarter valued at $44,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on GIS. TD Cowen dropped their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company decreased their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Barclays decreased their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.94.

General Mills Stock Down 0.6 %

GIS stock opened at $58.86 on Friday. General Mills, Inc. has a 1-year low of $57.94 and a 1-year high of $75.90. The stock has a market cap of $32.45 billion, a P/E ratio of 12.80, a P/E/G ratio of 3.88 and a beta of 0.10. The stock’s fifty day simple moving average is $62.46 and its two-hundred day simple moving average is $67.16. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. Analysts expect that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.08%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.17%.

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 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.