White Pine Capital LLC Has $1.49 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

White Pine Capital LLC decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,896 shares of the company’s stock after selling 553 shares during the period. White Pine Capital LLC’s holdings in General Mills were worth $1,491,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Nordea Investment Management AB boosted its position in shares of General Mills by 48.7% in the third quarter. Nordea Investment Management AB now owns 5,051,607 shares of the company’s stock valued at $325,728,000 after acquiring an additional 1,654,111 shares during the period. American Century Companies Inc. grew its holdings in shares of General Mills by 257.7% in the third quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after purchasing an additional 765,070 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of General Mills by 6,893.6% in the fourth quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock worth $33,361,000 after purchasing an additional 504,816 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in General Mills by 55.9% in the third quarter. Canada Pension Plan Investment Board now owns 1,141,913 shares of the company’s stock valued at $73,071,000 after acquiring an additional 409,588 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in General Mills by 40.7% in the third quarter. HighTower Advisors LLC now owns 1,315,744 shares of the company’s stock valued at $84,207,000 after acquiring an additional 380,855 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GIS shares. HSBC lifted their price target on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Barclays boosted their target price on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. JPMorgan Chase & Co. lifted their price target on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Mizuho lifted their price target on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus target price of $72.18.

Insider Activity at General Mills

In related news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the sale, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 17,726 shares of company stock valued at $1,187,811. 0.24% of the stock is owned by corporate insiders.

General Mills Stock Performance

Shares of NYSE GIS traded down $0.55 during midday trading on Friday, hitting $70.83. 4,170,378 shares of the company’s stock traded hands, compared to its average volume of 3,758,869. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $90.89. The stock has a market capitalization of $40.22 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 2.46 and a beta of 0.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a fifty day moving average of $67.65 and a 200 day moving average of $65.58.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the previous year, the company posted $0.97 EPS. The firm’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) 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.