Stratos Wealth Advisors LLC Sells 238 Shares of General Mills, Inc. $GIS

Stratos Wealth Advisors LLC decreased its position in General Mills, Inc. (NYSE:GIS) by 2.6% during the 2nd quarter, Holdings Channel reports. The firm owned 9,052 shares of the company’s stock after selling 238 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in General Mills were worth $469,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Perpetual Ltd grew its holdings in shares of General Mills by 3.5% in the 1st quarter. Perpetual Ltd now owns 5,411 shares of the company’s stock worth $324,000 after purchasing an additional 184 shares during the last quarter. Conning Inc. grew its holdings in General Mills by 4.6% during the 1st quarter. Conning Inc. now owns 4,212 shares of the company’s stock worth $252,000 after acquiring an additional 185 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in General Mills by 0.4% during the 1st quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company’s stock worth $3,127,000 after acquiring an additional 185 shares during the last quarter. Eastern Bank grew its holdings in General Mills by 0.8% during the 1st quarter. Eastern Bank now owns 24,817 shares of the company’s stock worth $1,484,000 after acquiring an additional 186 shares during the last quarter. Finally, SPC Financial Inc. grew its holdings in General Mills by 1.5% during the 1st quarter. SPC Financial Inc. now owns 13,452 shares of the company’s stock worth $804,000 after acquiring an additional 193 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $200,160.00. Following the transaction, the insider owned 66,593 shares of the company’s stock, valued at $3,332,313.72. This trade represents a 5.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GIS shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $45.00 price objective (down previously from $53.00) on shares of General Mills in a report on Wednesday, August 20th. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group decreased their price objective on shares of General Mills from $49.00 to $47.00 and set a “sell” rating on the stock in a report on Thursday, September 18th. Royal Bank Of Canada raised shares of General Mills from a “sector perform” rating to an “outperform” rating and decreased their price objective for the stock from $67.00 to $63.00 in a report on Thursday, June 26th. Finally, Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Mills has an average rating of “Hold” and a consensus price target of $55.82.

General Mills Stock Performance

General Mills stock opened at $48.48 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. General Mills, Inc. has a 1 year low of $47.48 and a 1 year high of $70.60. The company has a market cap of $25.86 billion, a PE ratio of 9.16, a PEG ratio of 1.22 and a beta of -0.03. The company’s 50-day moving average is $49.65 and its two-hundred day moving average is $52.26.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the prior year, the company posted $1.07 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. Equities 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. Investors of record on Friday, October 10th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.44 annualized dividend and a yield of 5.0%. General Mills’s dividend payout ratio (DPR) is presently 46.12%.

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.