General Mills, Inc. (NYSE:GIS) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC trimmed its stake in shares of General Mills, Inc. (NYSE:GIS) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,112 shares of the company’s stock after selling 526 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in General Mills were worth $326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GIS. Endeavor Private Wealth Inc. acquired a new position in General Mills during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in General Mills during the 4th quarter worth $31,000. Bank of Jackson Hole Trust acquired a new position in General Mills during the 4th quarter worth $34,000. Heck Capital Advisors LLC acquired a new position in General Mills during the 4th quarter worth $38,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of General Mills by 150.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 653 shares of the company’s stock worth $42,000 after acquiring an additional 392 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays lowered their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Citigroup lowered their price objective on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday. Bank of America lowered their price objective on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research report on Thursday, December 19th. Finally, Stifel Nicolaus lowered their price objective on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.71.

General Mills Stock Down 0.5 %

GIS opened at $59.53 on Monday. The business has a 50 day moving average price of $60.10 and a two-hundred day moving average price of $65.62. 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 company has a market cap of $32.82 billion, a PE ratio of 12.94, a P/E/G ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. As a group, research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.03%. The ex-dividend date is Thursday, April 10th. General Mills’s payout ratio is 52.17%.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

General Mills Company 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.