Bradley Foster & Sargent Inc. CT Reduces Holdings in General Mills, Inc. (NYSE:GIS)

Bradley Foster & Sargent Inc. CT lowered its position in General Mills, Inc. (NYSE:GIS) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,963 shares of the company’s stock after selling 1,231 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in General Mills were worth $2,230,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new stake in General Mills in the 4th quarter worth about $26,000. Values First Advisors Inc. bought a new position in shares of General Mills during the third quarter valued at approximately $27,000. Bank of Jackson Hole Trust purchased a new stake in shares of General Mills in the fourth quarter worth approximately $34,000. Planning Capital Management Corp lifted its stake in shares of General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after acquiring an additional 193 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in General Mills during the 4th quarter valued at $38,000. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their target price on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday. TD Cowen reduced their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Bank of America lowered their price objective on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Finally, 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. One 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $69.88.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by company insiders.

General Mills Trading Up 3.1 %

Shares of NYSE GIS opened at $61.02 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $33.63 billion, a PE ratio of 13.26, a PEG ratio of 3.76 and a beta of 0.10. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The stock has a fifty day simple moving average of $60.89 and a 200-day simple moving average of $66.56.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. On average, equities analysts forecast that General Mills, Inc. will post 4.38 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s payout ratio is currently 52.17%.

General Mills Company 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.