Stifel Financial Corp Sells 2,488 Shares of General Mills, Inc. (NYSE:GIS)

Stifel Financial Corp lessened its holdings in shares of General Mills, Inc. (NYSE:GISFree Report) by 0.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 764,583 shares of the company’s stock after selling 2,488 shares during the period. Stifel Financial Corp’s holdings in General Mills were worth $56,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Values First Advisors Inc. acquired a new stake in General Mills in the third quarter worth about $27,000. First Foundation Advisors lifted its holdings in General Mills by 400.0% during the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Planning Capital Management Corp grew its position in shares of General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of General Mills during the third quarter worth $44,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of General Mills in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the transaction, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. The trade was a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $63,660.00. Following the transaction, the director now owns 23,013 shares in the company, valued at $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,555 shares of company stock valued at $4,721,336. 0.26% of the stock is currently owned by company insiders.

General Mills Stock Down 0.7 %

NYSE GIS opened at $65.06 on Friday. The business has a fifty day moving average price of $68.15 and a 200 day moving average price of $68.36. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The company has a market cap of $36.12 billion, a P/E ratio of 15.49, a P/E/G ratio of 3.44 and a beta of 0.10. General Mills, Inc. has a one year low of $61.47 and a one year high of $75.90.

General Mills (NYSE:GISGet Free Report) last issued its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share (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 the consensus estimate of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $1.09 EPS. Research analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.69%. General Mills’s dividend payout ratio is presently 57.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GIS shares. TD Cowen raised their price objective on General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a report on Friday, September 20th. Stifel Nicolaus boosted their price target on General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, September 19th. Bank of America lifted their target price on shares of General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, The Goldman Sachs Group initiated coverage on General Mills in a report on Monday, August 12th. They set a “buy” rating and a $76.00 price target for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills has a consensus rating of “Hold” and a consensus price target of $72.67.

Get Our Latest Stock Analysis on General Mills

About General Mills

(Free Report)

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.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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