General Mills, Inc. (NYSE:GIS) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. trimmed its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 65.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,765 shares of the company's stock after selling 24,129 shares during the period. Focus Financial Network Inc.'s holdings in General Mills were worth $814,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC grew its position in General Mills by 9,143.2% in the third quarter. Exchange Traded Concepts LLC now owns 13,680 shares of the company's stock worth $1,010,000 after acquiring an additional 13,532 shares during the period. CX Institutional purchased a new position in shares of General Mills during the third quarter worth $239,000. NBC Securities Inc. boosted its position in shares of General Mills by 2.8% during the third quarter. NBC Securities Inc. now owns 21,088 shares of the company's stock worth $1,557,000 after buying an additional 570 shares during the period. Swedbank AB boosted its position in shares of General Mills by 5.1% during the third quarter. Swedbank AB now owns 543,580 shares of the company's stock worth $40,143,000 after buying an additional 26,453 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its position in shares of General Mills by 3.1% during the third quarter. Sumitomo Life Insurance Co. now owns 12,365 shares of the company's stock worth $913,000 after buying an additional 371 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Mills

In other General Mills 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 transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares of the company's stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.26% of the company's stock.

General Mills Stock Performance

Shares of GIS traded down $0.69 during midday trading on Friday, reaching $58.85. 4,690,260 shares of the stock were exchanged, compared to its average volume of 4,228,352. The business's 50-day moving average price is $61.61 and its 200 day moving average price is $66.87. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a twelve month low of $57.85 and a twelve month high of $75.90. The company has a market capitalization of $32.44 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS - Get Free Report) last posted its 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 business had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.14 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business's revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts expect that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on GIS shares. Wells Fargo & Company lowered their price target on 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 restated a "sector perform" rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. TD Cowen lowered their price target on General Mills from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. Citigroup decreased their target price on General Mills from $71.00 to $67.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Finally, Barclays decreased their target price on General Mills from $74.00 to $68.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, General Mills has an average rating of "Hold" and a consensus price target of $71.13.

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.