Landsberg Bennett & Dubbaneh LLC Decreases Stock Holdings in General Mills, Inc. (NYSE:GIS)

Landsberg Bennett & Dubbaneh LLC decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,458 shares of the company’s stock after selling 521 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in General Mills were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Wealth Alliance Advisory Group LLC lifted its holdings in General Mills by 3.8% in the 1st quarter. Wealth Alliance Advisory Group LLC now owns 5,396 shares of the company’s stock valued at $276,000 after purchasing an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in General Mills by 2.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,270 shares of the company’s stock valued at $434,000 after purchasing an additional 200 shares in the last quarter. Covington Capital Management lifted its holdings in General Mills by 1.4% in the 2nd quarter. Covington Capital Management now owns 15,000 shares of the company’s stock valued at $788,000 after purchasing an additional 200 shares in the last quarter. Allworth Financial LP lifted its holdings in General Mills by 5.0% in the 3rd quarter. Allworth Financial LP now owns 4,237 shares of the company’s stock valued at $234,000 after purchasing an additional 200 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. lifted its holdings in General Mills by 4.6% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 5,021 shares of the company’s stock valued at $264,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 68.66% of the company’s stock.

In other General Mills news, insider Kofi A. Bruce sold 15,582 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $54.33, for a total value of $846,570.06. Following the completion of the sale, the insider now directly owns 35,487 shares of the company’s stock, valued at approximately $1,928,008.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.



GIS has been the topic of a number of research reports. Guggenheim raised their price objective on General Mills from $58.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. UBS Group raised their price objective on General Mills from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Credit Suisse Group restated a “hold” rating and issued a $56.00 price objective on shares of General Mills in a report on Thursday, September 12th. Barclays restated a “hold” rating and issued a $55.00 price objective on shares of General Mills in a report on Friday, September 20th. Finally, Morgan Stanley raised their price objective on General Mills from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $53.64.

Shares of GIS opened at $54.35 on Friday. General Mills, Inc. has a 52-week low of $36.42 and a 52-week high of $56.40. The company has a market capitalization of $32.85 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.30 and a beta of 0.73. The stock has a fifty day simple moving average of $54.22 and a two-hundred day simple moving average of $52.86. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.51.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 18th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. General Mills had a return on equity of 27.38% and a net margin of 11.21%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $0.71 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts anticipate that General Mills, Inc. will post 3.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, October 9th. General Mills’s dividend payout ratio (DPR) is presently 60.87%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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