Investment Advisory Services Inc. TX ADV Trims Holdings in General Mills, Inc. (NYSE:GIS)

Investment Advisory Services Inc. TX ADV lessened its position in General Mills, Inc. (NYSE:GIS) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,761 shares of the company’s stock after selling 313 shares during the period. Investment Advisory Services Inc. TX ADV’s holdings in General Mills were worth $1,324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GIS. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills in the 4th quarter worth $26,000. Values First Advisors Inc. purchased a new position in shares of General Mills in the 3rd quarter worth about $27,000. Planning Capital Management Corp grew its holdings in shares of General Mills by 61.5% during the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of General Mills during the 4th quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in General Mills during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of GIS stock opened at $58.86 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. General Mills, Inc. has a 12-month low of $57.94 and a 12-month high of $75.90. The business has a 50 day simple moving average of $62.31 and a 200 day simple moving average of $67.12. The firm has a market capitalization of $32.45 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10.

General Mills (NYSE:GIS) last released its 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. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company earned $1.25 EPS. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.08%. General Mills’s dividend payout ratio (DPR) is 52.17%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Barclays dropped their price target on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. 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 report on Thursday, December 19th. Stifel Nicolaus lowered their price objective on General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Citigroup decreased their target price on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.94.

Insider Buying and Selling

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

About General Mills

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.