Private Advisor Group LLC Sells 8,181 Shares of General Mills, Inc. (NYSE:GIS)

Private Advisor Group LLC reduced its holdings in shares of General Mills, Inc. (NYSE:GIS) by 8.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,304 shares of the company’s stock after selling 8,181 shares during the quarter. Private Advisor Group LLC’s holdings in General Mills were worth $5,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GIS. Bank of Jackson Hole Trust bought a new stake in General Mills in the 4th quarter valued at $34,000. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in General Mills by 36.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 22,461 shares of the company’s stock valued at $1,432,000 after purchasing an additional 5,981 shares during the period. Cardinal Capital Management boosted its stake in General Mills by 2.9% in the 4th quarter. Cardinal Capital Management now owns 120,288 shares of the company’s stock valued at $7,671,000 after purchasing an additional 3,359 shares during the period. Venturi Wealth Management LLC boosted its stake in General Mills by 6,867.0% in the 4th quarter. Venturi Wealth Management LLC now owns 20,692 shares of the company’s stock valued at $1,320,000 after purchasing an additional 20,395 shares during the period. Finally, Empower Advisory Group LLC boosted its stake in General Mills by 1.8% in the 4th quarter. Empower Advisory Group LLC now owns 133,384 shares of the company’s stock valued at $8,506,000 after purchasing an additional 2,388 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GIS has been the subject of several recent research reports. Bank of America reduced their price target on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. Mizuho dropped their price objective on General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Wells Fargo & Company dropped their price objective on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday. TD Cowen dropped their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. 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 report on Wednesday, December 18th. 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 stock currently has a consensus rating of “Hold” and a consensus price target of $69.88.

General Mills Price Performance

General Mills stock opened at $61.02 on Friday. The stock has a market capitalization of $33.63 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 3.76 and a beta of 0.10. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. 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 has a fifty day moving average of $60.89 and a 200-day moving average of $66.56.

General Mills (NYSE:GIS) last issued its quarterly earnings data 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 business 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%. General Mills’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. On average, sell-side analysts expect that General Mills, Inc. will post 4.38 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.93%. 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.