180 Wealth Advisors LLC Lowers Holdings in General Mills, Inc. (NYSE:GIS)

180 Wealth Advisors LLC cut its position in General Mills, Inc. (NYSE:GIS) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,038 shares of the company’s stock after selling 323 shares during the quarter. 180 Wealth Advisors LLC’s holdings in General Mills were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GIS. Operose Advisors LLC grew its holdings in shares of General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after purchasing an additional 274 shares during the last quarter. Trexquant Investment LP bought a new position in shares of General Mills during the 3rd quarter valued at $5,275,000. Bank of Nova Scotia grew its holdings in shares of General Mills by 142.6% during the 3rd quarter. Bank of Nova Scotia now owns 142,149 shares of the company’s stock valued at $9,096,000 after purchasing an additional 83,565 shares during the last quarter. Cape Cod Five Cents Savings Bank grew its holdings in shares of General Mills by 113.3% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 11,964 shares of the company’s stock valued at $766,000 after purchasing an additional 6,354 shares during the last quarter. Finally, Teza Capital Management LLC bought a new position in shares of General Mills during the 3rd quarter valued at $428,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Werner Lanette Shaffer sold 710 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the transaction, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

General Mills Price Performance

Shares of GIS traded down $0.46 during mid-day trading on Thursday, reaching $63.71. The stock had a trading volume of 6,436,931 shares, compared to its average volume of 4,153,037. The firm has a market cap of $36.18 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 3.13 and a beta of 0.12. The business has a fifty day moving average of $68.76 and a 200 day moving average of $66.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $78.88.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. General Mills’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Equities analysts predict that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This is a boost from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.77%. General Mills’s dividend payout ratio is presently 54.13%.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their price target on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday. Citigroup cut their price target on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company cut their price target on shares of General Mills from $70.00 to $67.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.72.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.