General Mills, Inc. (NYSE:GIS) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its stake in General Mills, Inc. (NYSE:GIS) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,198 shares of the company’s stock after selling 1,214 shares during the quarter. Kingsview Wealth Management LLC’s holdings in General Mills were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GIS. Apollon Wealth Management LLC boosted its position in shares of General Mills by 8.1% during the fourth quarter. Apollon Wealth Management LLC now owns 23,586 shares of the company’s stock worth $1,504,000 after buying an additional 1,761 shares during the period. Byrne Asset Management LLC boosted its position in shares of General Mills by 20.0% during the fourth quarter. Byrne Asset Management LLC now owns 1,200 shares of the company’s stock worth $77,000 after buying an additional 200 shares during the period. Cidel Asset Management Inc. boosted its position in shares of General Mills by 4.0% during the fourth quarter. Cidel Asset Management Inc. now owns 7,723 shares of the company’s stock worth $492,000 after buying an additional 298 shares during the period. Joel Isaacson & Co. LLC boosted its position in shares of General Mills by 11.3% during the fourth quarter. Joel Isaacson & Co. LLC now owns 4,880 shares of the company’s stock worth $311,000 after buying an additional 495 shares during the period. Finally, Capital Management Associates Inc boosted its position in shares of General Mills by 73.1% during the fourth quarter. Capital Management Associates Inc now owns 318,865 shares of the company’s stock worth $20,334,000 after buying an additional 134,654 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Price Performance

NYSE GIS opened at $58.46 on Thursday. The stock has a market capitalization of $32.22 billion, a P/E ratio of 12.71, a P/E/G ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a 1 year low of $57.85 and a 1 year high of $75.90. The business’s fifty day moving average is $61.99 and its two-hundred day moving average is $67.05. 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 announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the business earned $1.25 EPS. The company’s revenue was up 2.7% on a year-over-year basis. On average, research analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.11%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays reduced their price objective 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. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $78.00 to $80.00 in a research report on Friday, December 13th. Stifel Nicolaus cut their target price on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, General Mills currently has a consensus rating of “Hold” and a consensus price target of $71.13.

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.