General Mills, Inc. (NYSE:GIS) Shares Sold by Prossimo Advisors LLC

Prossimo Advisors LLC decreased its position in General Mills, Inc. (NYSE:GIS) by 16.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,292 shares of the company’s stock after selling 1,410 shares during the period. Prossimo Advisors LLC’s holdings in General Mills were worth $539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new position in shares of General Mills during the first quarter valued at approximately $308,000. Diversify Advisory Services LLC purchased a new position in shares of General Mills during the 1st quarter worth $625,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of General Mills by 13.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 177,591 shares of the company’s stock worth $12,426,000 after purchasing an additional 21,683 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of General Mills by 1.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 26,689 shares of the company’s stock valued at $1,867,000 after purchasing an additional 261 shares during the period. Finally, BNP Paribas purchased a new stake in shares of General Mills in the first quarter valued at $659,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GIS. JPMorgan Chase & Co. raised their price target on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a report on Thursday, September 19th. Wells Fargo & Company increased their price target on shares of General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Barclays boosted their price objective on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Finally, Citigroup increased their target price on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.00.

Insider Buying and Selling at General Mills

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the transaction, the insider now directly owns 36,184 shares of the company’s stock, valued at $2,700,411.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Jonathon Nudi sold 9,647 shares of General Mills stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.39, for a total value of $717,640.33. Following the completion of the transaction, the insider now owns 128,664 shares in the company, valued at approximately $9,571,314.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the sale, the insider now directly owns 36,184 shares in the company, valued at approximately $2,700,411.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,555 shares of company stock worth $4,657,676 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

General Mills Stock Up 0.3 %

NYSE GIS opened at $68.24 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $75.90. The business has a 50 day moving average price of $72.09 and a two-hundred day moving average price of $69.19. The stock has a market cap of $37.88 billion, a PE ratio of 16.25, a P/E/G ratio of 3.50 and a beta of 0.11.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same period last year, the business earned $1.09 EPS. The business’s revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts predict that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, October 10th. General Mills’s dividend payout ratio is currently 57.14%.

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.