General Mills, Inc. $GIS Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 24.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,875 shares of the company’s stock after selling 8,991 shares during the period. Prime Capital Investment Advisors LLC’s holdings in General Mills were worth $1,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital Advisors Inc. OK raised its holdings in shares of General Mills by 25.4% in the 2nd quarter. Capital Advisors Inc. OK now owns 572,870 shares of the company’s stock valued at $29,680,000 after buying an additional 115,954 shares during the period. Belpointe Asset Management LLC grew its position in General Mills by 38.1% in the 2nd quarter. Belpointe Asset Management LLC now owns 24,960 shares of the company’s stock valued at $1,293,000 after acquiring an additional 6,880 shares in the last quarter. Eads & Heald Wealth Management increased its stake in General Mills by 8.5% during the second quarter. Eads & Heald Wealth Management now owns 10,995 shares of the company’s stock worth $570,000 after purchasing an additional 865 shares during the period. Autumn Glory Partners LLC increased its stake in General Mills by 20.1% during the second quarter. Autumn Glory Partners LLC now owns 4,595 shares of the company’s stock worth $238,000 after purchasing an additional 770 shares during the period. Finally, Knights of Columbus Asset Advisors LLC lifted its position in shares of General Mills by 37.2% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 14,144 shares of the company’s stock worth $733,000 after purchasing an additional 3,832 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on GIS. Stifel Nicolaus cut their target price on shares of General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Barclays cut their price objective on General Mills from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Friday, September 19th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $45.00 target price (down from $53.00) on shares of General Mills in a report on Wednesday, August 20th. Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Finally, Jefferies Financial Group cut their price target on General Mills from $51.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, September 8th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and an average target price of $55.82.

Insider Buying and Selling

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the sale, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

General Mills Trading Down 2.3%

Shares of General Mills stock opened at $49.76 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The company has a fifty day simple moving average of $49.77 and a 200-day simple moving average of $52.87. The stock has a market cap of $26.54 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.29 and a beta of -0.03. General Mills, Inc. has a 12-month low of $48.29 and a 12-month high of $72.71.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the company earned $1.07 earnings per share. General Mills’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, October 10th. General Mills’s dividend payout ratio (DPR) is currently 46.12%.

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.