Avidian Wealth Enterprises LLC Lowers Stock Position in General Mills, Inc. (NYSE:GIS)

Avidian Wealth Enterprises LLC cut its position in shares of General Mills, Inc. (NYSE:GIS) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,038 shares of the company’s stock after selling 245 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in General Mills were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GIS. Endeavor Private Wealth Inc. bought a new position in shares of General Mills in the fourth quarter valued at approximately $26,000. Values First Advisors Inc. purchased a new position in General Mills in the third quarter worth $27,000. Planning Capital Management Corp grew its stake in General Mills by 61.5% in the 3rd 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 period. Heck Capital Advisors LLC purchased a new stake in shares of General Mills during the 4th quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of General Mills during the 3rd quarter worth $44,000. 75.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

General Mills Trading Down 1.2 %

Shares of GIS opened at $58.85 on Friday. General Mills, Inc. has a twelve month low of $57.85 and a twelve month high of $75.90. The stock has a market cap of $32.44 billion, a PE ratio of 12.79, a P/E/G ratio of 3.82 and a beta of 0.10. 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 business’s 50-day moving average price is $61.74 and its 200-day moving average price is $66.93.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the firm posted $1.25 EPS. General Mills’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Announces Dividend

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

Wall Street Analyst Weigh In

GIS has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Thursday, December 19th. TD Cowen dropped their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Finally, Mizuho decreased their target price on General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. One 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, the stock presently has an average rating of “Hold” and a consensus price target of $71.13.

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.