General Mills, Inc. (NYSE:GIS) Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 32.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,178 shares of the company’s stock after selling 8,139 shares during the period. Simplicity Wealth LLC’s holdings in General Mills were worth $1,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills during the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills during the 4th quarter valued at approximately $31,000. Bank of Jackson Hole Trust purchased a new position in shares of General Mills during the 4th quarter valued at approximately $34,000. Planning Capital Management Corp increased its holdings in shares of General Mills by 61.5% during 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 in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of General Mills during the 4th quarter valued at approximately $38,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

General Mills Trading Up 3.7 %

Shares of GIS stock opened at $64.53 on Monday. The company’s 50-day moving average price is $60.33 and its 200-day moving average price is $65.97. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a market cap of $35.57 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.18. The firm 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 company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. As a group, equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently declared 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 is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.72%. General Mills’s payout ratio is 52.17%.

Wall Street Analyst Weigh In

GIS has been the subject of several recent research reports. Mizuho cut their target price on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft cut their price target 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. Barclays cut their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Bank of America cut their price target on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, TD Cowen cut their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and an average price target of $69.06.

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.