Signet Investment Advisory Group Inc. Has $1.34 Million Stock Position in General Mills, Inc. (NYSE:GIS)

Signet Investment Advisory Group Inc. cut its stake in General Mills, Inc. (NYSE:GIS) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,163 shares of the company’s stock after selling 220 shares during the period. Signet Investment Advisory Group Inc.’s holdings in General Mills were worth $1,341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GIS. Values First Advisors Inc. acquired a new position in General Mills during the third quarter worth $27,000. Capital Advisors Ltd. LLC grew its holdings in shares of General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after purchasing an additional 336 shares during the last quarter. RFP Financial Group LLC grew its holdings in shares of General Mills by 66.3% in the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after purchasing an additional 173 shares during the last quarter. First Foundation Advisors increased its position in shares of General Mills by 400.0% during the 2nd quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. Finally, Park Place Capital Corp lifted its holdings in General Mills by 40.6% during the 1st quarter. Park Place Capital Corp now owns 540 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the sale, the chief executive officer now directly owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other General Mills news, CAO Mark A. Pallot sold 8,083 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total value of $576,156.24. Following the completion of the transaction, the chief accounting officer now directly owns 14,813 shares of the company’s stock, valued at approximately $1,055,870.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,555 shares of company stock worth $4,657,676. Insiders own 0.24% of the company’s stock.

General Mills Stock Down 0.5 %

Shares of NYSE:GIS opened at $68.30 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The stock has a market cap of $38.12 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 3.71 and a beta of 0.10. The company has a 50 day moving average of $72.33 and a 200-day moving average of $69.19. General Mills, Inc. has a one year low of $61.47 and a one year high of $75.90.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. On average, sell-side analysts forecast that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, October 10th. General Mills’s payout ratio is 55.68%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. TD Cowen upped their price objective on shares of General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Argus restated a “hold” rating on shares of General Mills in a research report on Tuesday, July 16th. Barclays boosted their price objective on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. The Goldman Sachs Group began coverage on General Mills in a research note on Monday, August 12th. They issued a “buy” rating and a $76.00 target price for the company. Finally, Mizuho cut their price target on General Mills from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Mills presently has an average rating of “Hold” and a consensus price target of $73.00.

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.