General Mills, Inc. (NYSE:GIS) Shares Sold by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,689 shares of the company’s stock after selling 233 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in General Mills were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GIS. Principal Financial Group Inc. raised its position in General Mills by 3.6% during the third quarter. Principal Financial Group Inc. now owns 792,993 shares of the company’s stock valued at $58,563,000 after acquiring an additional 27,847 shares in the last quarter. Portside Wealth Group LLC grew its stake in shares of General Mills by 4.9% during the 3rd quarter. Portside Wealth Group LLC now owns 8,437 shares of the company’s stock worth $623,000 after purchasing an additional 395 shares during the period. Fiera Capital Corp increased its holdings in shares of General Mills by 8.7% during the 3rd quarter. Fiera Capital Corp now owns 6,745 shares of the company’s stock valued at $498,000 after purchasing an additional 540 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of General Mills by 80.5% in the 3rd quarter. Equitable Trust Co. now owns 56,459 shares of the company’s stock valued at $4,169,000 after purchasing an additional 25,172 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in General Mills during the third quarter worth $286,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus cut their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft cut their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. TD Cowen lowered their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company cut their price objective on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Finally, Citigroup reduced their target price on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, General Mills presently has an average rating of “Hold” and a consensus price target of $69.06.

General Mills Stock Up 3.7 %

GIS stock opened at $64.53 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average of $60.33 and a two-hundred day moving average of $66.00. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The company has a market cap of $35.57 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.94 and a beta of 0.06.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. As a group, analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the transaction, the insider now directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. This represents 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. 0.26% of the stock is owned by company insiders.

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.