General Mills, Inc. (NYSE:GIS) Shares Sold by Congress Park Capital LLC

by · The Cerbat Gem

Congress Park Capital LLC trimmed its holdings in shares of General Mills, Inc. (NYSE:GIS – Free Report) by 24.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,700 shares of the company’s stock after selling 1,500 shares during the period. Congress Park Capital LLC’s holdings in General Mills were worth $300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mesirow Financial Investment Management Inc. lifted its stake in General Mills by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after purchasing an additional 148 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of General Mills by 1.1% during the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock worth $1,097,000 after buying an additional 165 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of General Mills by 0.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 21,629 shares of the company’s stock worth $1,368,000 after buying an additional 172 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in shares of General Mills by 1.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock valued at $783,000 after buying an additional 173 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its position in shares of General Mills by 2.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 6,789 shares of the company’s stock valued at $428,000 after buying an additional 174 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GIS. TD Cowen decreased their price objective on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Thursday, December 19th. Stifel Nicolaus cut their price target on General Mills from $82.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company reduced their price objective on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Bank of America raised shares of General Mills from a “neutral” rating to a “buy” rating and lifted their target price for the company from $78.00 to $80.00 in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average price target of $71.31.

Get Our Latest Report on GIS

Insider Activity at General Mills

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of General Mills stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the transaction, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. The trade was a 11.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now directly owns 23,013 shares in the company, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,541 shares of company stock worth $3,321,170 over the last 90 days. Company insiders own 0.26% of the company’s stock.

General Mills Trading Up 1.5 %

Shares of General Mills stock opened at $59.21 on Friday. The firm has a market cap of $32.64 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 3.65 and a beta of 0.11. General Mills, Inc. has a 52-week low of $57.94 and a 52-week high of $75.90. The company’s 50-day simple moving average is $63.99 and its 200-day simple moving average is $67.58. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS – Get Free Report) last posted 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 business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.05%. General Mills’s dividend payout ratio is presently 52.17%.

About General Mills

(Free Report)

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.

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