Sound View Wealth Advisors Group LLC Decreases Stock Holdings in General Mills, Inc. (NYSE:GIS)

Sound View Wealth Advisors Group LLC lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,035 shares of the company’s stock after selling 451 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in General Mills were worth $2,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GIS. Endeavor Private Wealth Inc. acquired a new position in General Mills during the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills during the fourth quarter worth approximately $31,000. Bank of Jackson Hole Trust acquired a new position in General Mills during the fourth quarter worth approximately $34,000. Planning Capital Management Corp increased its position in General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in General Mills during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. Barclays reduced their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. TD Cowen dropped their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Bank of America dropped their target price on shares of General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Finally, Mizuho dropped their price objective on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, General Mills currently has an average rating of “Hold” and an average price target of $69.06.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

General Mills Trading Up 3.7 %

NYSE:GIS opened at $64.53 on Friday. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The firm has a market cap of $35.57 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 1.94 and a beta of 0.06. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company’s 50 day moving average is $60.33 and its 200-day moving average is $66.00.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $1.25 earnings per share. Equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.72%. General Mills’s payout ratio is presently 52.17%.

General Mills Company 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.