General Mills, Inc. (NYSE:GIS) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC lowered its position in General Mills, Inc. (NYSE:GIS) by 5.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,159 shares of the company’s stock after selling 281 shares during the period. Tyche Wealth Partners LLC’s holdings in General Mills were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC purchased a new position in General Mills in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of General Mills in the fourth quarter valued at approximately $31,000. Perkins Coie Trust Co lifted its position in General Mills by 69.2% during the first quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after buying an additional 211 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in General Mills during the fourth quarter worth $32,000. Finally, Transce3nd LLC acquired a new position in General Mills during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

GIS has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company reduced their price target on shares of General Mills from $61.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Monday, June 16th. Mizuho decreased their price objective on General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Citigroup cut their target price on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.63.

General Mills Price Performance

GIS stock opened at $50.74 on Thursday. The business’s 50-day moving average is $54.62 and its two-hundred day moving average is $58.57. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.67 and a quick ratio of 0.44. The firm has a market capitalization of $27.97 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.27 and a beta of 0.02. General Mills, Inc. has a 1 year low of $50.66 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a net margin of 13.02% and a return on equity of 26.39%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. Analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.81%. This is an increase from General Mills’s previous quarterly dividend of $0.60. General Mills’s payout ratio is currently 52.75%.

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.