Kestra Private Wealth Services LLC Sells 1,655 Shares of General Mills, Inc. (NYSE:GIS)

Kestra Private Wealth Services LLC lessened its position in shares of General Mills, Inc. (NYSE:GIS) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,463 shares of the company’s stock after selling 1,655 shares during the period. Kestra Private Wealth Services LLC’s holdings in General Mills were worth $2,070,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Entropy Technologies LP bought a new position in General Mills during the fourth quarter worth $708,000. Empowered Funds LLC raised its stake in General Mills by 79.5% during the fourth quarter. Empowered Funds LLC now owns 143,291 shares of the company’s stock worth $9,138,000 after buying an additional 63,456 shares during the last quarter. Moloney Securities Asset Management LLC raised its stake in General Mills by 5.3% during the fourth quarter. Moloney Securities Asset Management LLC now owns 9,249 shares of the company’s stock worth $590,000 after buying an additional 462 shares during the last quarter. Advisors Preferred LLC bought a new position in General Mills during the fourth quarter worth $432,000. Finally, Apollon Wealth Management LLC raised its stake in General Mills by 8.1% during the fourth quarter. Apollon Wealth Management LLC now owns 23,586 shares of the company’s stock worth $1,504,000 after buying an additional 1,761 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of analyst reports. Mizuho lowered their target price on shares of General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday. Stifel Nicolaus reduced their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a report on Friday, January 24th. Wells Fargo & Company reduced their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Finally, Citigroup reduced their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.13.

General Mills Stock Up 2.2 %

Shares of NYSE GIS opened at $59.37 on Wednesday. The stock has a market capitalization of $32.72 billion, a P/E ratio of 12.91, a P/E/G ratio of 3.82 and a beta of 0.10. The company has a 50-day moving average price of $62.13 and a 200-day moving average price of $67.09. General Mills, Inc. has a 1 year low of $57.85 and a 1 year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

General Mills Company 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.