Valley Brook Capital Group Inc. Sells 345 Shares of General Mills, Inc. (NYSE:GIS)

Valley Brook Capital Group Inc. lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,920 shares of the company’s stock after selling 345 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in General Mills were worth $880,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Norden Group LLC bought a new stake in shares of General Mills in the 1st quarter valued at about $308,000. Csenge Advisory Group boosted its stake in shares of General Mills by 1.3% during the first quarter. Csenge Advisory Group now owns 13,007 shares of the company’s stock valued at $910,000 after purchasing an additional 165 shares during the period. Advisory Alpha LLC grew its holdings in shares of General Mills by 17.6% in the first quarter. Advisory Alpha LLC now owns 10,320 shares of the company’s stock worth $722,000 after purchasing an additional 1,541 shares during the last quarter. ORG Partners LLC increased its stake in shares of General Mills by 75.1% in the first quarter. ORG Partners LLC now owns 1,602 shares of the company’s stock worth $112,000 after buying an additional 687 shares during the period. Finally, Empirical Finance LLC raised its holdings in General Mills by 3.3% during the 1st quarter. Empirical Finance LLC now owns 21,481 shares of the company’s stock valued at $1,503,000 after buying an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of General Mills stock traded up $0.18 during trading hours on Thursday, reaching $66.17. 194,939 shares of the stock traded hands, compared to its average volume of 3,871,830. General Mills, Inc. has a one year low of $61.47 and a one year high of $75.90. The firm has a market capitalization of $36.73 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 3.50 and a beta of 0.11. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average price of $71.86 and a 200 day moving average price of $69.15.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. General Mills’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.63%. The ex-dividend date was Thursday, October 10th. General Mills’s dividend payout ratio is currently 57.14%.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the sale, the chief executive officer now directly owns 355,328 shares in the company, valued at $24,379,054.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the transaction, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jonathon Nudi sold 9,647 shares of General Mills stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.39, for a total value of $717,640.33. Following the sale, the insider now directly owns 128,664 shares in the company, valued at $9,571,314.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock worth $4,657,676 over the last three months. 0.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research report on Thursday, September 19th. Wells Fargo & Company boosted their price target on General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. increased their price objective on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Piper Sandler boosted their target price on General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Finally, Argus restated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, General Mills currently has an average rating of “Hold” and an average price target of $73.00.

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 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.