General Mills, Inc. (NYSE:GIS) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in shares of General Mills, Inc. (NYSE:GIS) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,358 shares of the company’s stock after selling 996 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in General Mills were worth $913,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators boosted its stake in General Mills by 4.9% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,261 shares of the company’s stock valued at $206,000 after purchasing an additional 151 shares during the last quarter. Secure Asset Management LLC grew its stake in General Mills by 5.0% in the 2nd quarter. Secure Asset Management LLC now owns 3,305 shares of the company’s stock worth $209,000 after acquiring an additional 157 shares in the last quarter. LCM Capital Management Inc raised its holdings in shares of General Mills by 1.9% in the second quarter. LCM Capital Management Inc now owns 8,521 shares of the company’s stock valued at $539,000 after acquiring an additional 157 shares in the last quarter. Financial Counselors Inc. boosted its position in General Mills by 0.3% during the 1st quarter. Financial Counselors Inc. now owns 56,652 shares of the company’s stock valued at $3,964,000 after acquiring an additional 165 shares in the last quarter. Finally, Csenge Advisory Group increased its position in shares of General Mills by 1.3% during the first quarter. Csenge Advisory Group now owns 13,007 shares of the company’s stock worth $910,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the transaction, the chief executive officer now owns 355,328 shares in the company, valued at approximately $24,379,054.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other General Mills news, CAO Mark A. Pallot sold 8,083 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total value of $576,156.24. Following the transaction, the chief accounting officer now directly owns 14,813 shares in the company, valued at $1,055,870.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the transaction, the chief executive officer now directly owns 355,328 shares in the company, valued at $24,379,054.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,555 shares of company stock valued at $4,657,676. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of research reports. Citigroup lifted their price target on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Argus restated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. The Goldman Sachs Group assumed coverage on shares of General Mills in a research report on Monday, August 12th. They issued a “buy” rating and a $76.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a report on Thursday, September 19th. Finally, TD Cowen boosted their price target on shares of General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average price target of $73.00.

General Mills Stock Performance

NYSE:GIS opened at $68.22 on Thursday. General Mills, Inc. has a twelve month low of $61.47 and a twelve month high of $75.90. The company has a 50-day moving average of $72.19 and a 200-day moving average of $69.19. The firm has a market cap of $38.08 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 3.55 and a beta of 0.10. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

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

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, October 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.52%. General Mills’s payout ratio is 55.68%.

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 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.