Great Diamond Partners LLC Sells 178 Shares of General Mills, Inc. (NYSE:GIS)

Great Diamond Partners LLC cut its position in General Mills, Inc. (NYSE:GIS) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,348 shares of the company’s stock after selling 178 shares during the quarter. Great Diamond Partners LLC’s holdings in General Mills were worth $214,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. raised its stake in General Mills by 1.1% during 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 in the last quarter. Ballentine Partners LLC boosted its position in General Mills by 1.1% during the third quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock valued at $1,097,000 after acquiring an additional 165 shares during the last quarter. RFG Advisory LLC boosted its position in shares of General Mills by 2.6% during the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after purchasing an additional 172 shares in the last quarter. Stratos Wealth Advisors LLC boosted 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 worth $783,000 after buying an additional 173 shares in the last quarter. Finally, Thrive Wealth Management LLC boosted its stake in General Mills by 2.8% during the third quarter. Thrive Wealth Management LLC now owns 6,528 shares of the company’s stock worth $482,000 after acquiring an additional 177 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. Stifel Nicolaus lowered their target price on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. TD Cowen dropped their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of 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 stock. According to data from MarketBeat, General Mills presently has an average rating of “Hold” and a consensus price target of $70.94.

General Mills Stock Down 0.9 %

Shares of NYSE:GIS opened at $60.11 on Friday. The firm has a market capitalization of $33.13 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 3.86 and a beta of 0.11. 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, Inc. has a 52-week low of $57.94 and a 52-week high of $75.90. The firm has a fifty day moving average of $63.08 and a 200 day moving average of $67.32.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating 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 business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 3.99%. General Mills’s payout ratio is 52.17%.

Insider Activity

In related news, Director Maria Sastre sold 1,000 shares of the 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 $1,465,007.58. This represents a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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.