Key Financial Inc Has $488,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Key Financial Inc lessened its holdings in General Mills, Inc. (NYSE:GIS) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,650 shares of the company’s stock after selling 1,322 shares during the period. Key Financial Inc’s holdings in General Mills were worth $488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new stake in shares of General Mills during the fourth quarter worth $26,000. Values First Advisors Inc. purchased a new stake in shares of General Mills during the third quarter worth $27,000. Planning Capital Management Corp raised 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 worth $37,000 after acquiring an additional 193 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of General Mills during the fourth quarter worth $38,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of General Mills during the third quarter worth $44,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Down 1.2 %

GIS stock opened at $58.85 on Tuesday. General Mills, Inc. has a twelve month low of $57.85 and a twelve month high of $75.90. The company has a market cap of $32.44 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 3.82 and a beta of 0.10. The business’s 50-day simple moving average is $61.61 and its 200 day simple moving average is $66.87. 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) last released 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 return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the business earned $1.25 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that General Mills, Inc. will post 4.4 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GIS shares. Citigroup cut their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Wells Fargo & Company cut their target price on General Mills from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. TD Cowen cut their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus cut their target price on General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Barclays cut their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $71.13.

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 stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now directly owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

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.