General Mills, Inc. (NYSE:GIS) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,919 shares of the company’s stock after selling 2,138 shares during the period. Banque Cantonale Vaudoise’s holdings in General Mills were worth $6,125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Prospera Financial Services Inc grew its holdings in General Mills by 5.3% during the third quarter. Prospera Financial Services Inc now owns 8,414 shares of the company’s stock worth $622,000 after acquiring an additional 427 shares during the period. Caprock Group LLC boosted its position in General Mills by 7.3% during the third quarter. Caprock Group LLC now owns 29,000 shares of the company’s stock worth $2,142,000 after purchasing an additional 1,964 shares in the last quarter. Pathstone Holdings LLC boosted its position in General Mills by 4.7% during the third quarter. Pathstone Holdings LLC now owns 71,142 shares of the company’s stock worth $5,254,000 after purchasing an additional 3,178 shares in the last quarter. New England Asset Management Inc. boosted its position in General Mills by 3.0% during the third quarter. New England Asset Management Inc. now owns 36,020 shares of the company’s stock worth $2,660,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Drive Wealth Management LLC boosted its position in General Mills by 10.6% during the third quarter. Drive Wealth Management LLC now owns 4,231 shares of the company’s stock worth $312,000 after purchasing an additional 407 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

GIS has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. The Goldman Sachs Group initiated coverage on General Mills in a research report on Monday, August 12th. They set a “buy” rating and a $76.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, September 19th. JPMorgan Chase & Co. boosted their target price on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Wells Fargo & Company decreased their target price on General Mills from $77.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.67.

General Mills Stock Performance

NYSE GIS opened at $62.88 on Tuesday. The business’s 50-day moving average price is $70.42 and its 200 day moving average price is $68.78. General Mills, Inc. has a twelve month low of $61.47 and a twelve month high of $75.90. The company has a market capitalization of $34.91 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 3.25 and a beta of 0.11. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $2.40 annualized dividend and a yield of 3.82%. General Mills’s dividend payout ratio (DPR) is presently 57.14%.

Insider Buying and Selling

In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now directly owns 36,184 shares in the company, valued at $2,700,411.92. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mark A. Pallot sold 8,083 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total value of $576,156.24. Following the sale, the chief accounting officer now owns 14,813 shares of the company’s stock, valued at $1,055,870.64. This represents a 35.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,555 shares of company stock worth $4,657,676. 0.26% of the stock is owned by company insiders.

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.