Stratos Wealth Advisors LLC Sells 352 Shares of General Mills, Inc. (NYSE:GIS)

Stratos Wealth Advisors LLC cut its holdings in General Mills, Inc. (NYSE:GIS) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,252 shares of the company’s stock after selling 352 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in General Mills were worth $654,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Yousif Capital Management LLC grew its stake in shares of General Mills by 0.3% during the fourth quarter. Yousif Capital Management LLC now owns 94,490 shares of the company’s stock worth $6,026,000 after purchasing an additional 277 shares during the period. Old North State Wealth Management LLC grew its position in shares of General Mills by 60.7% during the 4th quarter. Old North State Wealth Management LLC now owns 6,987 shares of the company’s stock worth $446,000 after buying an additional 2,638 shares during the period. E. Ohman J or Asset Management AB increased its stake in shares of General Mills by 10.3% in the 4th quarter. E. Ohman J or Asset Management AB now owns 24,700 shares of the company’s stock valued at $1,575,000 after acquiring an additional 2,300 shares during the last quarter. Columbus Macro LLC raised its position in shares of General Mills by 57.3% in the 4th quarter. Columbus Macro LLC now owns 25,708 shares of the company’s stock valued at $1,639,000 after acquiring an additional 9,367 shares during the period. Finally, Alliance Wealth Advisors LLC UT boosted its stake in General Mills by 47.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,914 shares of the company’s stock worth $313,000 after acquiring an additional 1,576 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the firm’s 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 sale, the director now owns 23,013 shares of the company’s stock, 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 currently owned by corporate insiders.

General Mills Stock Performance

GIS opened at $58.86 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The business’s 50-day simple moving average is $62.46 and its 200 day simple moving average is $67.16. The firm has a market capitalization of $32.45 billion, a PE ratio of 12.80, a PEG ratio of 3.88 and a beta of 0.10. General Mills, Inc. has a 52-week low of $57.94 and a 52-week high of $75.90.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the business earned $1.25 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.08%. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and raised their target price for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, General Mills currently has a consensus rating of “Hold” and a consensus target price of $70.94.

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.