Evergreen Capital Management LLC Has $1.07 Million Position in General Mills, Inc. (NYSE:GIS)

Evergreen Capital Management LLC lessened its position in General Mills, Inc. (NYSE:GIS) by 88.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,708 shares of the company’s stock after selling 134,098 shares during the period. Evergreen Capital Management LLC’s holdings in General Mills were worth $1,065,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GIS. RFG Advisory LLC boosted its position in General Mills by 2.6% in the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after buying an additional 172 shares in the last quarter. TCW Group Inc. boosted its holdings in shares of General Mills by 0.8% in the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock worth $1,471,000 after acquiring an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC grew its position in General Mills by 3.7% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock worth $356,000 after acquiring an additional 197 shares during the last quarter. Howard Capital Management Inc. increased its holdings in General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock valued at $250,000 after purchasing an additional 198 shares in the last quarter. Finally, Byrne Asset Management LLC raised its position in General Mills by 20.0% in the 4th quarter. Byrne Asset Management LLC now owns 1,200 shares of the company’s stock valued at $77,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

GIS opened at $57.52 on Friday. The company has a market cap of $31.71 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.94 and a beta of 0.15. The company’s fifty day moving average price is $59.51 and its two-hundred day moving average price is $63.06. General Mills, Inc. has a 1-year low of $55.15 and a 1-year high of $75.90. 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 announced its earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. On average, analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.17%. General Mills’s dividend payout ratio (DPR) is 52.75%.

Analyst Upgrades and Downgrades

GIS has been the topic of several research reports. Barclays reduced their price target on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Piper Sandler decreased their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a report on Monday, March 17th. Wells Fargo & Company reduced their price objective on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Finally, Jefferies Financial Group lifted their target price on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.69.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by corporate insiders.

General Mills 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.