Signal Advisors Wealth LLC Sells 6,040 Shares of General Mills, Inc. (NYSE:GIS)

Signal Advisors Wealth LLC reduced its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 50.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the company's stock after selling 6,040 shares during the quarter. Signal Advisors Wealth LLC's holdings in General Mills were worth $383,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GIS. Values First Advisors Inc. acquired a new stake in General Mills in the 3rd quarter valued at about $27,000. Planning Capital Management Corp increased its holdings 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 valued at $37,000 after purchasing an additional 193 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of General Mills in the second quarter valued at approximately $42,000. Catalyst Capital Advisors LLC acquired a new position in General Mills during the 3rd quarter worth $44,000. Finally, Rise Advisors LLC lifted its holdings in General Mills by 46.7% during the 3rd 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. 75.71% of the stock is currently owned by institutional investors.

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total transaction 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 11.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maria Sastre sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, the director now directly owns 23,013 shares of the company's stock, valued at $1,465,007.58. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,541 shares of company stock valued at $3,321,170 over the last quarter. Corporate insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

GIS has been the subject of a number of recent research reports. Citigroup dropped their target price on General Mills from $71.00 to $67.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Barclays cut their target price on shares of General Mills from $74.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. Bank of America raised shares of General Mills from a "neutral" rating to a "buy" rating and raised their target price for the company from $78.00 to $80.00 in a research note on Friday, December 13th. Wells Fargo & Company dropped their price target on shares of General Mills from $68.00 to $64.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus reduced their price objective on shares of General Mills from $82.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, General Mills currently has a consensus rating of "Hold" and an average price target of $71.31.

General Mills Trading Up 1.5 %

GIS stock traded up $0.90 during midday trading on Thursday, hitting $59.21. 3,794,798 shares of the company's stock were exchanged, compared to its average volume of 4,729,550. General Mills, Inc. has a one year low of $57.94 and a one year 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 company has a market cap of $32.64 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 3.65 and a beta of 0.11. The stock's fifty day moving average price is $63.99 and its 200-day moving average price is $67.58.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the firm posted $1.25 earnings per share. General Mills's revenue was up 2.7% compared to the same quarter last year. Research analysts predict that General Mills, Inc. will post 4.42 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, January 10th. General Mills's dividend payout ratio (DPR) 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.