Trueblood Wealth Management LLC Reduces Stock Holdings in General Mills, Inc. (NYSE:GIS)

Trueblood Wealth Management LLC reduced its position in General Mills, Inc. (NYSE:GIS) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,043 shares of the company’s stock after selling 276 shares during the period. Trueblood Wealth Management LLC’s holdings in General Mills were worth $449,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Values First Advisors Inc. bought a new stake in General Mills during the third quarter valued at $27,000. Planning Capital Management Corp grew its stake in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Fairscale Capital LLC acquired a new position in General Mills during the 2nd quarter valued at about $42,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Mills in the third quarter valued at $44,000. Finally, Rise Advisors LLC boosted its holdings in General Mills by 46.7% during the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,541 shares of company stock worth $3,321,170. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GIS shares. Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Stifel Nicolaus lowered their price objective on General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. TD Cowen cut their target price on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Barclays reduced their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, Wells Fargo & Company cut their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.31.

General Mills Price Performance

NYSE GIS opened at $59.64 on Monday. General Mills, Inc. has a 52-week low of $57.94 and a 52-week high of $75.90. 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 has a 50 day simple moving average of $63.76 and a 200 day simple moving average of $67.52. The stock has a market cap of $32.88 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 3.65 and a beta of 0.11.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. Analysts anticipate that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s payout ratio is presently 52.17%.

General Mills Company 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.