Fragasso Financial Advisors Inc Has $201,000 Position in General Mills, Inc. (NYSE:GIS)

Fragasso Financial Advisors Inc trimmed its position in General Mills, Inc. (NYSE:GIS) by 14.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,151 shares of the company’s stock after selling 533 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in General Mills were worth $201,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. raised its position in shares of General Mills by 1.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock valued at $999,000 after buying an additional 148 shares in the last quarter. Ballentine Partners LLC increased its stake in General Mills by 1.1% in the third quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock valued at $1,097,000 after acquiring an additional 165 shares during the last quarter. EP Wealth Advisors LLC raised its position in General Mills by 0.8% during the second quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock valued at $1,368,000 after purchasing an additional 172 shares in the last quarter. Stratos Wealth Advisors LLC lifted its stake in General Mills by 1.7% during the third quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock worth $783,000 after purchasing an additional 173 shares during the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of General Mills by 2.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 6,789 shares of the company’s stock valued at $428,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Activity

In other General Mills news, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction 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 transaction, the director now directly owns 23,013 shares of the company’s stock, valued at $1,465,007.58. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at approximately $24,379,054.08. This represents a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,541 shares of company stock worth $3,321,170 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

General Mills Stock Up 1.5 %

Shares of General Mills stock opened at $59.38 on Tuesday. The firm has a market cap of $32.73 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 3.47 and a beta of 0.11. The stock’s 50-day moving average is $64.34 and its 200 day moving average is $67.67. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. General Mills, Inc. has a one year low of $58.27 and a one year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the company posted $1.25 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.04%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analysts Set New Price Targets

Several analysts recently weighed in on GIS shares. JPMorgan Chase & Co. upped their price objective on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Citigroup reduced their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock 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 upped their price objective for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Finally, TD Cowen lowered their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and a consensus target price of $71.31.

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.