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

Outlook Wealth Advisors LLC cut its stake in General Mills, Inc. (NYSE:GIS) by 3.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 7,185 shares of the company’s stock after selling 261 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in General Mills were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Flagship Harbor Advisors LLC increased its position in shares of General Mills by 4.0% in the third quarter. Flagship Harbor Advisors LLC now owns 4,170 shares of the company’s stock valued at $267,000 after buying an additional 160 shares in the last quarter. Meridian Wealth Management LLC increased its holdings in General Mills by 142.1% during the 3rd quarter. Meridian Wealth Management LLC now owns 6,930 shares of the company’s stock valued at $445,000 after acquiring an additional 4,068 shares in the last quarter. CreativeOne Wealth LLC raised its position in General Mills by 18.9% during the third quarter. CreativeOne Wealth LLC now owns 9,676 shares of the company’s stock worth $619,000 after acquiring an additional 1,541 shares during the last quarter. Washington Trust Advisors Inc. raised its position in General Mills by 156.3% during the third quarter. Washington Trust Advisors Inc. now owns 820 shares of the company’s stock worth $52,000 after acquiring an additional 500 shares during the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of General Mills by 25.3% in the third quarter. Caprock Group LLC now owns 21,102 shares of the company’s stock valued at $1,350,000 after purchasing an additional 4,259 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Down 0.8 %

Shares of NYSE GIS traded down $0.55 during midday trading on Friday, hitting $70.83. The stock had a trading volume of 4,170,378 shares, compared to its average volume of 3,758,869. 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, Inc. has a 1-year low of $60.33 and a 1-year high of $90.89. The company has a market capitalization of $40.22 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.46 and a beta of 0.15. The company has a fifty day moving average price of $67.65 and a 200 day moving average price of $65.58.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share 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 business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.59 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a yield of 3.33%. General Mills’s payout ratio is currently 54.13%.

Insider Activity

In related news, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction 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 completion of the sale, the insider now owns 102,924 shares in the company, valued at $6,602,574.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 17,726 shares of company stock worth $1,187,811 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

GIS has been the subject of a number of recent research reports. Bank of America raised their price objective on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Morgan Stanley raised their price target on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, March 21st. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price objective on shares of General Mills in a research report on Monday, April 22nd. TD Cowen increased their price objective on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Finally, Barclays boosted their target price on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued 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.

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