B.O.S.S. Retirement Advisors LLC Lowers Stake in General Mills, Inc. (NYSE:GIS)

B.O.S.S. Retirement Advisors LLC lessened its holdings in General Mills, Inc. (NYSE:GISFree Report) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,215 shares of the company’s stock after selling 1,872 shares during the period. General Mills makes up approximately 3.3% of B.O.S.S. Retirement Advisors LLC’s portfolio, making the stock its 13th largest position. B.O.S.S. Retirement Advisors LLC’s holdings in General Mills were worth $1,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GIS. Cibc World Market Inc. boosted its position in General Mills by 4.8% in the 1st quarter. Cibc World Market Inc. now owns 22,026 shares of the company’s stock valued at $1,492,000 after buying an additional 1,003 shares during the period. Sequoia Financial Advisors LLC boosted its position in General Mills by 45.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,867 shares of the company’s stock valued at $397,000 after buying an additional 1,828 shares during the period. Candriam Luxembourg S.C.A. boosted its position in General Mills by 2.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 73,176 shares of the company’s stock valued at $4,955,000 after buying an additional 1,503 shares during the period. Baird Financial Group Inc. raised its holdings in shares of General Mills by 2.3% in the 1st quarter. Baird Financial Group Inc. now owns 279,604 shares of the company’s stock valued at $18,935,000 after purchasing an additional 6,176 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of General Mills by 15.3% in the 1st quarter. Covestor Ltd now owns 1,834 shares of the company’s stock valued at $124,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the transaction, the chief executive officer now owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the transaction, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The disclosure for this sale can be found here. Insiders have sold 77,782 shares of company stock valued at $5,057,820 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

General Mills Stock Up 0.4 %

GIS stock opened at $69.97 on Friday. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $90.89. The company has a market cap of $39.74 billion, a P/E ratio of 16.05, a P/E/G ratio of 2.42 and a beta of 0.15. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average price is $65.41 and its 200 day moving average price is $64.89.

General Mills (NYSE:GISGet Free Report) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. HSBC lifted their price target on shares of General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. TD Cowen lifted their price target on shares of General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Wells Fargo & Company lifted their target price on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $72.00 target price on shares of General Mills in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $72.18.

Read Our Latest Stock Report 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.

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

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