Prentiss Smith & Co. Inc. Sells 338 Shares of General Mills, Inc. (NYSE:GIS)

Prentiss Smith & Co. Inc. lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 6.1% during the third quarter, HoldingsChannel reports. The fund owned 5,196 shares of the company’s stock after selling 338 shares during the quarter. Prentiss Smith & Co. Inc.’s holdings in General Mills were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arkadios Wealth Advisors boosted its stake in shares of General Mills by 41.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 36,503 shares of the company’s stock valued at $2,309,000 after purchasing an additional 10,765 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of General Mills by 5.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 688,543 shares of the company’s stock valued at $48,177,000 after purchasing an additional 38,021 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of General Mills by 16.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 696,170 shares of the company’s stock valued at $48,711,000 after purchasing an additional 96,712 shares in the last quarter. iA Global Asset Management Inc. lifted its position in General Mills by 92.5% during the 1st quarter. iA Global Asset Management Inc. now owns 48,721 shares of the company’s stock valued at $3,409,000 after purchasing an additional 23,411 shares during the period. Finally, DNB Asset Management AS lifted its position in General Mills by 10.5% during the 2nd quarter. DNB Asset Management AS now owns 119,106 shares of the company’s stock valued at $7,535,000 after purchasing an additional 11,334 shares during the period. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays upped their target price on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. upped their target price on shares of General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research report on Thursday, September 19th. Finally, Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills has an average rating of “Hold” and an average price target of $73.00.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jonathon Nudi sold 9,647 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the sale, the insider now owns 128,664 shares of the company’s stock, valued at $9,571,314.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other General Mills news, insider Jonathon Nudi sold 9,647 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.39, for a total transaction of $717,640.33. Following the transaction, the insider now owns 128,664 shares in the company, valued at $9,571,314.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pankaj Mn Sharma sold 2,325 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were 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 of the company’s stock, valued at approximately $2,700,411.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,055 shares of company stock valued at $1,467,311 in the last quarter. 0.24% of the stock is currently owned by insiders.

General Mills Stock Down 1.5 %

Shares of NYSE GIS traded down $1.02 during trading hours on Monday, hitting $68.91. The company had a trading volume of 1,381,741 shares, compared to its average volume of 3,900,847. The firm’s 50 day moving average is $72.36 and its 200-day moving average is $69.21. General Mills, Inc. has a 1-year low of $61.47 and a 1-year high of $75.90. The stock has a market capitalization of $38.46 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 3.71 and a beta of 0.10. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter last year, the firm posted $1.09 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.48%. The ex-dividend date is Thursday, October 10th. General Mills’s dividend payout ratio is 55.68%.

General Mills Company 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.