Sapient Capital LLC Sells 376 Shares of General Mills, Inc. (NYSE:GIS)

Sapient Capital LLC trimmed its position in General Mills, Inc. (NYSE:GIS) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,770 shares of the company’s stock after selling 376 shares during the period. Sapient Capital LLC’s holdings in General Mills were worth $352,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Affiance Financial LLC raised its position in shares of General Mills by 2.4% in the third quarter. Affiance Financial LLC now owns 14,654 shares of the company’s stock valued at $1,082,000 after buying an additional 339 shares in the last quarter. Rise Advisors LLC grew its stake in shares of General Mills by 46.7% in the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after purchasing an additional 193 shares during the last quarter. CHICAGO TRUST Co NA acquired a new position in General Mills in the third quarter valued at $237,000. Exchange Traded Concepts LLC raised its holdings in shares of General Mills by 9,143.2% during the third quarter. Exchange Traded Concepts LLC now owns 13,680 shares of the company’s stock valued at $1,010,000 after purchasing an additional 13,532 shares during the period. Finally, Retirement Planning Group LLC acquired a new position in shares of General Mills during the third quarter valued at about $503,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 0.1 %

NYSE:GIS opened at $70.88 on Tuesday. The company has a market capitalization of $39.56 billion, a P/E ratio of 16.45, a P/E/G ratio of 3.71 and a beta of 0.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The stock’s 50 day moving average price is $72.20 and its 200 day moving average price is $69.19. General Mills, Inc. has a 52 week low of $61.47 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same period last year, the company earned $1.09 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. On average, research analysts forecast that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.39%. General Mills’s dividend payout ratio is presently 55.68%.

Insiders Place Their Bets

In other news, insider Jonathon Nudi sold 9,647 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.39, for a total value of $717,640.33. Following the sale, the insider now directly owns 128,664 shares of the company’s stock, valued at $9,571,314.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jonathon Nudi sold 9,647 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $74.39, for a total value of $717,640.33. Following the transaction, the insider now owns 128,664 shares in the company, valued at approximately $9,571,314.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Pankaj Mn Sharma sold 2,325 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the sale, the insider now owns 36,184 shares in the company, 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. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GIS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday. The Goldman Sachs Group initiated coverage on shares of General Mills in a report on Monday, August 12th. They set a “buy” rating and a $76.00 target price on the stock. Mizuho cut their price target on shares of General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. Barclays lifted their target price on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, Wells Fargo & Company boosted their price target on General Mills from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.00.

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.