Orion Portfolio Solutions LLC Sells 1,736 Shares of General Mills, Inc. (NYSE:GIS)

Orion Portfolio Solutions LLC cut its position in General Mills, Inc. (NYSE:GISGet Rating) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,610 shares of the company’s stock after selling 1,736 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in General Mills were worth $1,630,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Clearview Wealth Advisors LLC grew its holdings in shares of General Mills by 2.2% during the first quarter. Clearview Wealth Advisors LLC now owns 6,465 shares of the company’s stock worth $438,000 after buying an additional 142 shares in the last quarter. Prospera Financial Services Inc raised its holdings in General Mills by 1.5% in the 1st quarter. Prospera Financial Services Inc now owns 9,699 shares of the company’s stock valued at $657,000 after acquiring an additional 142 shares during the last quarter. Wealth Alliance boosted its holdings in shares of General Mills by 1.9% during the 1st quarter. Wealth Alliance now owns 7,794 shares of the company’s stock worth $528,000 after purchasing an additional 142 shares during the last quarter. Camden Capital LLC grew its position in shares of General Mills by 4.2% in the first quarter. Camden Capital LLC now owns 3,608 shares of the company’s stock valued at $244,000 after purchasing an additional 145 shares in the last quarter. Finally, BLB&B Advisors LLC increased its holdings in shares of General Mills by 2.3% in the first quarter. BLB&B Advisors LLC now owns 6,545 shares of the company’s stock valued at $443,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 75.48% of the company’s stock.

General Mills Trading Up 1.3 %

NYSE GIS opened at $80.78 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.40 and a current ratio of 0.60. The company has a 50-day simple moving average of $76.11 and a 200-day simple moving average of $71.77. The firm has a market capitalization of $48.12 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 2.62 and a beta of 0.33. General Mills, Inc. has a one year low of $58.85 and a one year high of $81.24.

General Mills (NYSE:GISGet Rating) last released its quarterly earnings results on Wednesday, September 21st. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.11. The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.72 billion. General Mills had a return on equity of 23.87% and a net margin of 15.13%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. On average, equities analysts forecast that General Mills, Inc. will post 4.06 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, July 7th. Investors of record on Friday, July 8th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, July 7th. General Mills’s dividend payout ratio is currently 45.47%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Credit Suisse Group raised their target price on General Mills from $74.00 to $77.00 and gave the stock a “neutral” rating in a research note on Thursday. BMO Capital Markets boosted their target price on shares of General Mills from $80.00 to $85.00 in a report on Thursday. Bank of America raised their price target on shares of General Mills from $74.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday. Piper Sandler upped their price objective on General Mills from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Citigroup lifted their target price on General Mills from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $76.83.

Insider Buying and Selling

In other news, insider Sean N. Walker sold 29,489 shares of General Mills stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $75.00, for a total transaction of $2,211,675.00. Following the completion of the sale, the insider now directly owns 89,989 shares in the company, valued at approximately $6,749,175. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Sean N. Walker sold 29,489 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $75.00, for a total value of $2,211,675.00. Following the transaction, the insider now directly owns 89,989 shares in the company, valued at approximately $6,749,175. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark A. Pallot sold 2,255 shares of General Mills stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $74.66, for a total value of $168,358.30. Following the completion of the transaction, the chief accounting officer now directly owns 17,087 shares in the company, valued at $1,275,715.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,317 shares of company stock worth $7,429,156. 0.67% of the stock is owned by company insiders.

General Mills Company Profile

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General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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, nutrition bars, wellness beverages, and savory and grain 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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