Imprint Wealth LLC Sells 408 Shares of General Mills, Inc. (NYSE:GIS)

Imprint Wealth LLC reduced its position in General Mills, Inc. (NYSE:GIS) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,776 shares of the company’s stock after selling 408 shares during the period. Imprint Wealth LLC’s holdings in General Mills were worth $637,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GIS. Stratos Wealth Advisors LLC increased its holdings in General Mills by 1.9% during the third quarter. Stratos Wealth Advisors LLC now owns 11,278 shares of the company’s stock valued at $722,000 after buying an additional 213 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in shares of General Mills during the fourth quarter valued at about $28,000. Adviser Investments LLC bought a new stake in shares of General Mills in the 3rd quarter valued at about $323,000. Sabal Trust CO boosted its holdings in shares of General Mills by 7,817.6% in the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company’s stock valued at $18,902,000 after buying an additional 286,514 shares in the last quarter. Finally, Gradient Investments LLC grew its position in shares of General Mills by 29.9% in the 4th quarter. Gradient Investments LLC now owns 2,238 shares of the company’s stock worth $146,000 after buying an additional 515 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on GIS. 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 report on Thursday, March 21st. Bank of America upped their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. raised their price target on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Wells Fargo & Company boosted their target price on shares of General Mills from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Finally, Morgan Stanley lifted their price objective on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.18.

General Mills Stock Performance

Shares of GIS stock traded up $0.31 on Tuesday, hitting $67.63. The company had a trading volume of 1,454,107 shares, compared to its average volume of 4,274,155. The firm has a market cap of $38.41 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 2.28 and a beta of 0.15. General Mills, Inc. has a twelve month low of $60.33 and a twelve month high of $90.89. The company has a 50-day moving average price of $66.43 and a 200-day moving average price of $65.17. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last posted its 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. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. As a group, equities research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Tuesday, April 9th. General Mills’s dividend payout ratio (DPR) is presently 54.13%.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 60,056 shares of the 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 owns 318,483 shares in the company, valued at $20,523,044.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the sale, the chief executive officer now directly owns 318,483 shares in the company, valued at $20,523,044.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathon Nudi sold 7,671 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the transaction, the insider now owns 102,924 shares in the company, valued at approximately $6,602,574.60. The disclosure for this sale can be found here. Insiders sold a total of 77,782 shares of company stock worth $5,057,820 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

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