General Mills, Inc. (NYSE:GIS) Shares Sold by BFT Financial Group LLC

BFT Financial Group LLC reduced its holdings in shares of General Mills, Inc. (NYSE:GIS) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,643 shares of the company’s stock after selling 455 shares during the period. BFT Financial Group LLC’s holdings in General Mills were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Pflug Koory LLC increased its position in General Mills by 349.0% during the 4th quarter. Pflug Koory LLC now owns 449 shares of the company’s stock valued at $26,000 after buying an additional 349 shares in the last quarter. Cypress Point Wealth Management LLC acquired a new position in shares of General Mills in the fourth quarter valued at about $28,000. SOA Wealth Advisors LLC. acquired a new position in shares of General Mills in the fourth quarter valued at about $36,000. Wolff Wiese Magana LLC acquired a new position in shares of General Mills in the fourth quarter valued at about $41,000. Finally, Cascade Investment Advisors Inc. increased its holdings in shares of General Mills by 36.4% in the fourth quarter. Cascade Investment Advisors Inc. now owns 750 shares of the company’s stock valued at $44,000 after purchasing an additional 200 shares during the period. 73.17% of the stock is currently owned by institutional investors.

GIS has been the topic of a number of research reports. Jefferies Financial Group cut their price objective on General Mills from $64.00 to $59.00 and set a “hold” rating on the stock in a report on Tuesday, January 12th. Credit Suisse Group cut their price objective on General Mills from $66.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, March 29th. Morgan Stanley cut their price objective on General Mills from $63.00 to $57.00 and set an “equal weight” rating on the stock in a report on Thursday, January 14th. Finally, JPMorgan Chase & Co. lowered their target price on General Mills from $62.00 to $55.00 in a research note on Tuesday, January 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $63.27.

In other news, Director R Kerry Clark sold 11,398 shares of the firm’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $61.41, for a total transaction of $699,951.18. Following the completion of the transaction, the director now directly owns 65,199 shares in the company, valued at $4,003,870.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John R. Church sold 27,000 shares of the firm’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $60.35, for a total value of $1,629,450.00. Following the transaction, the insider now owns 76,916 shares of the company’s stock, valued at $4,641,880.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,532 shares of company stock valued at $3,821,346. 0.51% of the stock is owned by insiders.

Shares of General Mills stock traded down $0.22 during mid-day trading on Wednesday, reaching $60.46. 114,848 shares of the stock traded hands, compared to its average volume of 4,884,712. The business has a 50-day moving average of $58.93 and a 200 day moving average of $59.22. General Mills, Inc. has a fifty-two week low of $53.96 and a fifty-two week high of $66.14. The stock has a market capitalization of $36.88 billion, a PE ratio of 15.56, a PEG ratio of 1.98 and a beta of 0.57. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 1.24.

General Mills (NYSE:GIS) last announced its earnings results on Tuesday, March 23rd. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). General Mills had a net margin of 13.16% and a return on equity of 28.60%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period in the previous year, the company earned $0.77 EPS. General Mills’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts expect that General Mills, Inc. will post 3.73 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Friday, April 9th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.37%. General Mills’s payout ratio is currently 56.51%.

About General Mills

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, snack bars, fruit snacks, nutrition bars, and savory snacks, as well as organic products, including refrigerated yogurt, frozen and shelf-stable vegetables, 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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