Daymark Wealth Partners LLC Sells 398 Shares of General Mills, Inc. (NYSE:GIS)

Daymark Wealth Partners LLC lowered its stake in General Mills, Inc. (NYSE:GIS) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,170 shares of the company’s stock after selling 398 shares during the period. Daymark Wealth Partners LLC’s holdings in General Mills were worth $1,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mesirow Financial Investment Management Inc. lifted its stake in 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 during the period. Ballentine Partners LLC raised its position in shares of General Mills by 1.1% in the 3rd 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 period. EP Wealth Advisors LLC boosted its stake in General Mills by 0.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock worth $1,368,000 after acquiring an additional 172 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in General Mills by 1.7% during the third quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock valued at $783,000 after purchasing an additional 173 shares during the period. Finally, Pathway Financial Advisers LLC increased its stake in General Mills by 2.6% in the second 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. 75.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GIS shares. JPMorgan Chase & Co. upped their price objective on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Barclays cut their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. TD Cowen lowered their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Stifel Nicolaus cut their price target on shares of General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $71.31.

Insider Buying and Selling

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

General Mills Price Performance

NYSE:GIS opened at $59.35 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 market cap of $32.72 billion, a P/E ratio of 12.90, a P/E/G ratio of 3.72 and a beta of 0.11. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The stock’s 50-day simple moving average is $63.59 and its 200 day simple moving average is $67.51.

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, topping the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 EPS. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.42 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio is currently 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.