Strategic Investment Advisors MI Lowers Position in General Mills, Inc. (NYSE:GIS)

Strategic Investment Advisors MI lowered its holdings in General Mills, Inc. (NYSE:GIS) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,333 shares of the company’s stock after selling 265 shares during the quarter. Strategic Investment Advisors MI’s holdings in General Mills were worth $850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of General Mills by 4.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,684 shares of the company’s stock valued at $873,000 after acquiring an additional 631 shares in the last quarter. Echo Wealth Management LLC increased its position in shares of General Mills by 39.7% during the 4th quarter. Echo Wealth Management LLC now owns 40,396 shares of the company’s stock valued at $2,576,000 after purchasing an additional 11,474 shares during the last quarter. Juncture Wealth Strategies LLC increased its position in shares of General Mills by 5.2% during the 4th quarter. Juncture Wealth Strategies LLC now owns 6,043 shares of the company’s stock valued at $385,000 after purchasing an additional 299 shares during the last quarter. Compass Wealth Management LLC increased its position in shares of General Mills by 43.0% during the 4th quarter. Compass Wealth Management LLC now owns 1,430 shares of the company’s stock valued at $91,000 after purchasing an additional 430 shares during the last quarter. Finally, CFS Investment Advisory Services LLC bought a new position in shares of General Mills during the 4th quarter valued at about $278,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the topic of several recent research reports. Barclays reduced their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company reduced their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. TD Cowen reduced their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised their price target on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and raised their price target for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.94.

Insider Activity

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 owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $63,660.00. Following the transaction, the director now 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 disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

General Mills Price Performance

Shares of GIS stock opened at $60.37 on Monday. The firm has a market cap of $33.28 billion, a P/E ratio of 13.12, a P/E/G ratio of 3.70 and a beta of 0.11. General Mills, Inc. has a fifty-two week low of $57.94 and a fifty-two week high of $75.90. The business’s 50 day moving average price is $63.31 and its 200-day moving average price is $67.42. 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 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 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% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. On average, equities research analysts anticipate that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio is presently 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.