Sigma Planning Corp Has $1.28 Million Holdings in General Mills, Inc. (NYSE:GIS)

Sigma Planning Corp lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 56.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,691 shares of the company’s stock after selling 26,007 shares during the period. Sigma Planning Corp’s holdings in General Mills were worth $1,283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GIS. International Assets Investment Management LLC grew its position in shares of General Mills by 4.8% during the 3rd quarter. International Assets Investment Management LLC now owns 7,323 shares of the company’s stock worth $469,000 after purchasing an additional 337 shares in the last quarter. RFG Advisory LLC boosted its position in shares of General Mills by 15.3% during the 3rd quarter. RFG Advisory LLC now owns 6,797 shares of the company’s stock worth $435,000 after acquiring an additional 904 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of General Mills by 4.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,170 shares of the company’s stock worth $267,000 after acquiring an additional 160 shares in the last quarter. Inscription Capital LLC boosted its position in shares of General Mills by 2.4% during the 3rd quarter. Inscription Capital LLC now owns 7,126 shares of the company’s stock worth $456,000 after acquiring an additional 170 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in shares of General Mills by 0.6% during the 3rd quarter. GHP Investment Advisors Inc. now owns 72,974 shares of the company’s stock worth $4,600,000 after acquiring an additional 430 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity

In related news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the completion of the transaction, the chief executive officer now owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,782 shares of company stock valued at $5,057,820. Insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Morgan Stanley increased their price target on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. TD Cowen increased their price target on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. HSBC increased their price target on shares of General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $77.00 price target on shares of General Mills in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus target price of $72.18.

General Mills Price Performance

GIS stock opened at $71.17 on Tuesday. The company has a fifty day moving average price of $67.01 and a 200-day moving average price of $65.39. The company has a market capitalization of $40.42 billion, a P/E ratio of 16.32, a PEG ratio of 2.43 and a beta of 0.15. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $90.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, equities analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s payout ratio is currently 54.13%.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.