Eads & Heald Wealth Management Has $665,000 Stock Position in General Mills, Inc. (NYSE:GIS)

Eads & Heald Wealth Management lessened its holdings in General Mills, Inc. (NYSE:GIS) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,432 shares of the company’s stock after selling 1,436 shares during the period. Eads & Heald Wealth Management’s holdings in General Mills were worth $665,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Values First Advisors Inc. purchased a new stake in shares of General Mills in the third quarter worth approximately $27,000. Planning Capital Management Corp raised its position in 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 buying an additional 193 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in General Mills during the 3rd quarter valued at $44,000. Rise Advisors LLC boosted its holdings in General Mills by 46.7% during the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after acquiring an additional 193 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of General Mills in the 3rd quarter worth $51,000. Institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GIS shares. JPMorgan Chase & Co. raised their price target on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. Citigroup reduced their target price on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. TD Cowen dropped their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $71.31.

General Mills Stock Performance

NYSE GIS opened at $60.08 on Wednesday. The firm has a market cap of $33.12 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 3.72 and a beta of 0.11. 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 $63.67 and its 200-day moving average is $67.53. General Mills, Inc. has a 12-month low of $57.94 and a 12-month high of $75.90.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. Sell-side analysts predict that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 3.99%. General Mills’s dividend payout ratio is currently 52.17%.

Insider Buying and Selling at General Mills

In related news, Director Maria Sastre sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

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.