Valeo Financial Advisors LLC Sells 556 Shares of General Mills, Inc. $GIS

Valeo Financial Advisors LLC decreased its position in shares of General Mills, Inc. (NYSE:GIS) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,695 shares of the company’s stock after selling 556 shares during the quarter. Valeo Financial Advisors LLC’s holdings in General Mills were worth $1,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GIS. Garde Capital Inc. lifted its holdings in General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock worth $27,000 after acquiring an additional 264 shares in the last quarter. Armstrong Advisory Group Inc. bought a new position in shares of General Mills during the 2nd quarter valued at about $32,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Mills during the 1st quarter valued at about $34,000. GKV Capital Management Co. Inc. bought a new position in shares of General Mills during the 1st quarter valued at about $34,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of General Mills during the 1st quarter valued at about $37,000. 75.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

GIS has been the topic of a number of research reports. Barclays cut their price target on shares of General Mills from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Friday, September 19th. Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Bernstein Bank cut their price target on General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Thursday, September 18th. HSBC cut their price target on General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Finally, Royal Bank Of Canada upgraded General Mills from a “sector perform” rating to an “outperform” rating and cut their target price for the company from $67.00 to $63.00 in a research note on Thursday, June 26th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, General Mills presently has an average rating of “Hold” and a consensus target price of $55.82.

General Mills Price Performance

NYSE:GIS opened at $50.92 on Wednesday. General Mills, Inc. has a 12-month low of $48.29 and a 12-month high of $72.82. The stock’s 50 day moving average price is $49.76 and its two-hundred day moving average price is $52.90. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $27.16 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 1.27 and a beta of -0.03.

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

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, October 10th. This represents a $2.44 annualized dividend and a yield of 4.8%. General Mills’s dividend payout ratio (DPR) is presently 46.12%.

Insiders Place Their Bets

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction that occurred on 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 in the company, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is owned by company insiders.

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 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.