My Legacy Advisors LLC Sells 374 Shares of General Mills, Inc. (NYSE:GIS)

My Legacy Advisors LLC reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,963 shares of the company’s stock after selling 374 shares during the period. My Legacy Advisors LLC’s holdings in General Mills were worth $581,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. boosted its stake in General Mills by 1.1% in the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock valued at $999,000 after buying an additional 148 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of General Mills by 1.1% in the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock valued at $1,097,000 after purchasing an additional 165 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of General Mills by 0.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock valued at $1,368,000 after purchasing an additional 172 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of General Mills by 1.7% during the third quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock worth $783,000 after buying an additional 173 shares during the last quarter. Finally, Pathway Financial Advisers LLC lifted its stake in shares of General Mills by 2.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 6,789 shares of the company’s stock valued at $428,000 after acquiring an additional 174 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Up 0.8 %

Shares of NYSE GIS opened at $59.64 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company has a 50-day moving average price of $63.76 and a 200-day moving average price of $67.49. The stock has a market capitalization of $32.88 billion, a P/E ratio of 12.97, a P/E/G ratio of 3.65 and a beta of 0.11. General Mills, Inc. has a 1 year low of $57.94 and a 1 year high of $75.90.

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. The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. On average, equities research analysts forecast that General Mills, Inc. will post 4.42 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s payout ratio is 52.17%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GIS. Wells Fargo & Company lowered their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and raised their price target for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Citigroup lowered their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, Stifel Nicolaus cut their target price on General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $71.31.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were 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 owns 23,013 shares in the company, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the transaction, the chief executive officer now owns 355,328 shares in the company, valued at approximately $24,379,054.08. The trade was a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,541 shares of company stock valued at $3,321,170 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

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.