Dumont & Blake Investment Advisors LLC Lowers Holdings in General Mills, Inc. (NYSE:GIS)

Dumont & Blake Investment Advisors LLC reduced its stake in shares of General Mills, Inc. (NYSE:GISFree Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,315 shares of the company’s stock after selling 995 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in General Mills were worth $1,193,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FWL Investment Management LLC acquired a new position in shares of General Mills in the 4th quarter valued at $25,000. Operose Advisors LLC boosted its stake in shares of General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares in the last quarter. Intrepid Capital Management Inc. acquired a new stake in shares of General Mills during the 2nd quarter valued at about $28,000. Bruce G. Allen Investments LLC purchased a new position in shares of General Mills in the 4th quarter valued at about $28,000. Finally, Almanack Investment Partners LLC. acquired a new position in General Mills in the 3rd quarter worth about $28,000. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Trading Down 1.8 %

Shares of NYSE GIS traded down $1.24 during trading on Wednesday, hitting $69.32. 2,331,755 shares of the company were exchanged, compared to its average volume of 4,293,535. The company has a fifty day moving average price of $65.67 and a 200-day moving average price of $64.94. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a market capitalization of $39.37 billion, a PE ratio of 15.93, a P/E/G ratio of 2.42 and a beta of 0.15. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89.

General Mills (NYSE:GISGet Free Report) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 annualized dividend and a yield of 3.40%. General Mills’s dividend payout ratio (DPR) is currently 54.13%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of General Mills stock in a transaction dated 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 sale, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total value of $3,870,008.64. Following the sale, the chief executive officer now owns 318,483 shares in the company, valued at approximately $20,523,044.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now owns 93,381 shares of the company’s stock, valued at $6,462,899.01. 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 90 days. 0.24% of the stock is owned by insiders.

Analysts Set New Price Targets

GIS has been the topic of several research analyst reports. Citigroup started coverage on General Mills in a report on Thursday, February 1st. They issued a “neutral” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. HSBC increased their price objective on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, March 21st. TD Cowen boosted their target price 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. Finally, Evercore ISI reduced their price target on shares of General Mills from $75.00 to $72.00 and set an “in-line” rating for the company in a research report on Monday, December 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills currently has an average rating of “Hold” and a consensus target price of $72.18.

Get Our Latest Stock Report on GIS

General Mills Profile

(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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