Fragasso Financial Advisors Inc Has $201,000 Holdings in General Mills, Inc. (NYSE:GIS)

Fragasso Financial Advisors Inc trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,151 shares of the company’s stock after selling 533 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in General Mills were worth $201,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Brookstone Capital Management increased its holdings in shares of General Mills by 31.0% during the 4th quarter. Brookstone Capital Management now owns 19,950 shares of the company’s stock valued at $1,272,000 after acquiring an additional 4,716 shares during the last quarter. City State Bank grew its holdings in General Mills by 36.8% during the fourth quarter. City State Bank now owns 2,842 shares of the company’s stock valued at $181,000 after purchasing an additional 765 shares during the last quarter. Fiduciary Alliance LLC raised its position in shares of General Mills by 44.2% in the fourth quarter. Fiduciary Alliance LLC now owns 15,358 shares of the company’s stock valued at $979,000 after purchasing an additional 4,708 shares during the period. City Center Advisors LLC lifted its stake in shares of General Mills by 22.7% in the fourth quarter. City Center Advisors LLC now owns 5,869 shares of the company’s stock worth $374,000 after buying an additional 1,086 shares during the last quarter. Finally, Czech National Bank boosted its holdings in General Mills by 6.2% during the fourth quarter. Czech National Bank now owns 120,370 shares of the company’s stock valued at $7,676,000 after acquiring an additional 6,981 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Mills

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the sale, the chief executive officer now directly owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This trade represents a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,541 shares of company stock worth $3,321,170 over the last quarter. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company dropped their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. TD Cowen lowered their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Finally, Barclays reduced their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $71.31.

General Mills Trading Up 1.5 %

General Mills stock opened at $59.38 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39. The firm has a 50-day moving average of $64.34 and a 200-day moving average of $67.67. The company has a market cap of $32.73 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 3.47 and a beta of 0.11. General Mills, Inc. has a one year low of $58.27 and a one year high of $75.90.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that General Mills, Inc. will post 4.5 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.04%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio (DPR) is currently 52.17%.

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.