Blake Schutter Theil Wealth Advisors LLC Cuts Position in General Mills, Inc. (NYSE:GIS)

Blake Schutter Theil Wealth Advisors LLC trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,689 shares of the company’s stock after selling 233 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in General Mills were worth $235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new position in General Mills during the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Mills during the fourth quarter worth about $31,000. Planning Capital Management Corp boosted its stake 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 during the period. Bank of Jackson Hole Trust acquired a new position in shares of General Mills in the fourth quarter valued at approximately $34,000. Finally, Heck Capital Advisors LLC purchased a new stake in General Mills during the 4th quarter worth approximately $38,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on GIS shares. Piper Sandler decreased their price target on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. TD Cowen decreased their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Thursday, December 19th. Wells Fargo & Company decreased their price objective on General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Finally, Bank of America cut their target price on shares of General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.06.

General Mills Stock Up 3.7 %

Shares of NYSE:GIS opened at $64.53 on Friday. The firm has a 50 day simple moving average of $60.33 and a 200-day simple moving average of $66.00. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $35.57 billion, a PE ratio of 14.03, a P/E/G ratio of 1.94 and a beta of 0.06.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the business earned $1.25 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.17%.

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.