ProVise Management Group LLC Has $240,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

ProVise Management Group LLC trimmed its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 62.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,756 shares of the company's stock after selling 6,174 shares during the period. ProVise Management Group LLC's holdings in General Mills were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Endeavor Private Wealth Inc. acquired a new position in General Mills during the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC acquired a new position in shares of General Mills during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills in the fourth quarter valued at about $31,000. Bank of Jackson Hole Trust acquired a new stake in General Mills during the fourth quarter worth about $34,000. Finally, Heck Capital Advisors LLC bought a new position in General Mills during the fourth quarter valued at about $38,000. 75.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.26% of the company's stock.

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General Mills Price Performance

Shares of GIS stock traded down $0.43 during trading hours on Monday, hitting $58.21. 5,381,924 shares of the company's stock were exchanged, compared to its average volume of 4,115,895. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The stock has a market cap of $32.08 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The stock's 50-day moving average is $60.00 and its 200-day moving average is $65.17.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company's revenue was down 5.1% on a year-over-year basis. As a group, research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills's dividend payout ratio (DPR) is presently 52.75%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup decreased their price objective on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Barclays decreased their price target on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Morgan Stanley assumed coverage on shares of General Mills in a report on Monday. They set an "underweight" rating and a $53.00 price objective for the company. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $70.00 target price on shares of General Mills in a research note on Monday, March 17th. 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $65.69.

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.