SilverOak Wealth Management LLC Sells 1,402 Shares of General Mills, Inc. (NYSE:GIS)

SilverOak Wealth Management LLC trimmed its position in General Mills, Inc. (NYSE:GIS) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,072 shares of the company’s stock after selling 1,402 shares during the quarter. SilverOak Wealth Management LLC’s holdings in General Mills were worth $834,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new position in shares of General Mills during the 4th quarter valued at approximately $34,000. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of General Mills by 36.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 22,461 shares of the company’s stock worth $1,432,000 after buying an additional 5,981 shares in the last quarter. Cardinal Capital Management increased its holdings in shares of General Mills by 2.9% in the 4th quarter. Cardinal Capital Management now owns 120,288 shares of the company’s stock worth $7,671,000 after buying an additional 3,359 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of General Mills by 6,867.0% during the 4th quarter. Venturi Wealth Management LLC now owns 20,692 shares of the company’s stock valued at $1,320,000 after buying an additional 20,395 shares in the last quarter. Finally, Empower Advisory Group LLC lifted its holdings in shares of General Mills by 1.8% in the 4th quarter. Empower Advisory Group LLC now owns 133,384 shares of the company’s stock valued at $8,506,000 after acquiring an additional 2,388 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Price Performance

Shares of NYSE:GIS opened at $57.53 on Wednesday. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The company has a market cap of $31.71 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. The company’s 50 day moving average is $61.30 and its 200 day moving average is $66.72.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 EPS 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 the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. On average, sell-side analysts forecast that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.17%.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’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 sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GIS. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. Mizuho decreased their price target on General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. Stifel Nicolaus dropped their price objective on shares of General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $80.00 in a research report on Friday, December 13th. Finally, Wells Fargo & Company dropped their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, General Mills has a consensus rating of “Hold” and an average target price of $71.13.

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 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.