Crewe Advisors LLC Sells 325 Shares of General Mills, Inc. (NYSE:GIS)

Crewe Advisors LLC lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,700 shares of the company’s stock after selling 325 shares during the quarter. Crewe Advisors LLC’s holdings in General Mills were worth $746,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Values First Advisors Inc. purchased a new stake in General Mills in the 3rd quarter valued at $27,000. Endeavor Private Wealth Inc. bought a new stake in General Mills during the fourth quarter worth $26,000. Planning Capital Management Corp boosted its holdings in shares of General Mills by 61.5% in the 3rd 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 last quarter. Catalyst Capital Advisors LLC purchased a new stake in General Mills during the third quarter worth about $44,000. Finally, Heck Capital Advisors LLC bought a new stake in General Mills in the fourth quarter worth about $38,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup decreased their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Wells Fargo & Company reduced their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average target price of $70.94.

Insider Buying and Selling

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

General Mills Stock Up 1.2 %

Shares of General Mills stock opened at $59.60 on Thursday. General Mills, Inc. has a 52-week low of $57.94 and a 52-week high of $75.90. The company has a 50-day simple moving average of $62.73 and a two-hundred day simple moving average of $67.27. The stock has a market capitalization of $32.85 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 3.88 and a beta of 0.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The firm 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%. General Mills’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. On average, analysts anticipate that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

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.