Bartlett & CO. Wealth Management LLC Has $1.41 Million Position in General Mills, Inc. (NYSE:GIS)

Bartlett & CO. Wealth Management LLC lessened its stake in General Mills, Inc. (NYSE:GIS) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,139 shares of the company’s stock after selling 1,870 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in General Mills were worth $1,412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. increased its stake 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 worth $999,000 after acquiring an additional 148 shares during the last quarter. Ballentine Partners LLC increased its position in General Mills by 1.1% in the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock worth $1,097,000 after purchasing an additional 165 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 172 shares in the last quarter. Stratos Wealth Advisors LLC lifted its holdings in shares of General Mills by 1.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock valued at $783,000 after buying an additional 173 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its stake 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 buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen cut their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Wells Fargo & Company cut their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays reduced their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. increased their price objective on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s 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 Stock Performance

NYSE:GIS opened at $59.62 on Friday. 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 $32.87 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 3.75 and a beta of 0.11. The firm’s 50-day moving average is $63.47 and its 200-day moving average is $67.45. 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 posted its quarterly 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. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the company earned $1.25 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s dividend payout ratio is 52.17%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction 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 completion of the transaction, the insider now directly owns 42,117 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maria Sastre sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was 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 in the company, 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. Company insiders own 0.26% of the company’s stock.

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.