Alliance Wealth Advisors LLC UT Grows Stake in General Mills, Inc. (NYSE:GIS)

Alliance Wealth Advisors LLC UT lifted its stake in General Mills, Inc. (NYSE:GIS) by 47.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,914 shares of the company’s stock after buying an additional 1,576 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in General Mills were worth $313,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Mesirow Financial Investment Management Inc. boosted its holdings in General Mills by 1.1% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after acquiring an additional 148 shares during the period. Ballentine Partners LLC boosted its stake in shares of General Mills by 1.1% in the third 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 during the period. RFG Advisory LLC grew its holdings in General Mills by 2.6% during the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock valued at $425,000 after purchasing an additional 172 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in General Mills by 1.7% during the 3rd 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 period. Finally, Rise Advisors LLC lifted its holdings in General Mills by 46.7% in the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 23,013 shares of the company’s stock, 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. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of analyst reports. Stifel Nicolaus dropped their target price on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. TD Cowen cut their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Barclays reduced their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $80.00 in a report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. One 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 company. According to MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average target price of $70.94.

General Mills Trading Down 1.5 %

NYSE:GIS opened at $58.98 on Wednesday. General Mills, Inc. has a 12-month low of $57.94 and a 12-month high of $75.90. 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 business has a 50 day simple moving average of $62.87 and a 200 day simple moving average of $67.30. The firm has a market capitalization of $32.51 billion, a P/E ratio of 12.82, a P/E/G ratio of 3.88 and a beta of 0.10.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.22 by $0.18. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Equities research analysts predict that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.07%. General Mills’s dividend payout ratio is presently 52.17%.

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.