General Mills, Inc. $GIS Shares Sold by Integrity Alliance LLC.

Integrity Alliance LLC. decreased its holdings in General Mills, Inc. (NYSE:GIS) by 16.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,978 shares of the company’s stock after selling 3,851 shares during the quarter. Integrity Alliance LLC.’s holdings in General Mills were worth $983,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Linscomb Wealth Inc. grew its stake in shares of General Mills by 1.1% in the second quarter. Linscomb Wealth Inc. now owns 121,076 shares of the company’s stock worth $6,273,000 after acquiring an additional 1,272 shares in the last quarter. IFG Advisory LLC grew its stake in shares of General Mills by 16.2% in the second quarter. IFG Advisory LLC now owns 30,401 shares of the company’s stock worth $1,575,000 after acquiring an additional 4,228 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in shares of General Mills in the second quarter worth $208,000. Savvy Advisors Inc. acquired a new position in shares of General Mills in the second quarter worth $201,000. Finally, Assetmark Inc. grew its stake in shares of General Mills by 12.1% during the second quarter. Assetmark Inc. now owns 643,491 shares of the company’s stock worth $33,339,000 after purchasing an additional 69,638 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 Jacqueline Williams-Roll sold 4,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the sale, the insider directly owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

General Mills Stock Performance

NYSE GIS opened at $46.65 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40. General Mills, Inc. has a 1 year low of $46.21 and a 1 year high of $68.89. The company has a market capitalization of $24.88 billion, a PE ratio of 8.82, a P/E/G ratio of 1.17 and a beta of -0.03. The company has a fifty day moving average of $49.29 and a two-hundred day moving average of $51.59.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. General Mills’s revenue for the quarter was down 6.8% on a year-over-year basis. As a group, analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, October 10th. General Mills’s dividend payout ratio is currently 46.12%.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Mills from $52.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, September 18th. UBS Group lowered their target price on shares of General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research note on Thursday, September 18th. HSBC lowered their target price on shares of General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research note on Thursday, September 18th. Morgan Stanley lowered their target price on shares of General Mills from $49.00 to $48.00 and set an “underweight” rating for the company in a research note on Monday, September 15th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $45.00 target price (down previously from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.82.

General Mills Profile

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.