Toth Financial Advisory Corp Sells 2,892 Shares of General Mills, Inc. (NYSE:GIS)

Toth Financial Advisory Corp decreased its position in General Mills, Inc. (NYSE:GIS) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,271 shares of the company’s stock after selling 2,892 shares during the quarter. Toth Financial Advisory Corp’s holdings in General Mills were worth $4,354,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new position in General Mills in the fourth quarter worth $26,000. Values First Advisors Inc. purchased a new position in shares of General Mills during the third quarter valued at approximately $27,000. Planning Capital Management Corp lifted its holdings in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of General Mills during the third quarter valued at approximately $44,000. Finally, Rise Advisors LLC lifted its holdings in shares of General Mills by 46.7% during the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Transactions at General Mills

In other General Mills news, Director Maria Sastre sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares in the company, valued at approximately $1,465,007.58. This represents a 4.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction 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 completion of the sale, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

General Mills Price Performance

NYSE GIS opened at $60.37 on Friday. General Mills, Inc. has a 52 week low of $57.94 and a 52 week high of $75.90. The firm has a market capitalization of $33.28 billion, a P/E ratio of 13.12, a PEG ratio of 3.70 and a beta of 0.11. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average price of $63.31 and a 200-day moving average price of $67.38.

General Mills (NYSE:GIS) last released 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. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. Equities research analysts anticipate that General Mills, Inc. will post 4.42 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.98%. General Mills’s dividend payout ratio (DPR) is 52.17%.

Analyst Ratings Changes

Several research firms have recently issued reports on GIS. Barclays lowered their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Stifel Nicolaus lowered their price target on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. lifted their price target on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $78.00 to $80.00 in a report on Friday, December 13th. Finally, Wells Fargo & Company decreased their price objective on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $70.94.

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.