SilverOak Wealth Management LLC Has $657,000 Position in General Mills, Inc. $GIS

SilverOak Wealth Management LLC cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,688 shares of the company’s stock after selling 384 shares during the period. SilverOak Wealth Management LLC’s holdings in General Mills were worth $657,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Garde Capital Inc. boosted its position in General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 264 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in General Mills during the second quarter valued at approximately $32,000. Smallwood Wealth Investment Management LLC acquired a new position in General Mills during the first quarter valued at approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in General Mills during the first quarter valued at approximately $34,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in General Mills during the first quarter valued at approximately $37,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GIS shares. UBS Group dropped their price objective on General Mills from $49.00 to $47.00 and set a “sell” rating on the stock in a research note on Thursday, September 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $45.00 price objective (down previously from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Stifel Nicolaus dropped their price objective on General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. HSBC dropped their price objective on General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada upgraded General Mills from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from $67.00 to $63.00 in a research note on Thursday, June 26th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $55.82.

Insider Transactions at General Mills

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $50.04, for a total transaction of $200,160.00. Following the sale, the insider owned 66,593 shares of the company’s stock, valued at $3,332,313.72. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

General Mills Price Performance

Shares of NYSE GIS opened at $47.70 on Friday. The firm has a market cap of $25.44 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.20 and a beta of -0.03. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. General Mills, Inc. has a 1-year low of $47.48 and a 1-year high of $71.00. The business’s 50 day moving average is $49.67 and its 200-day moving average is $52.44.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. Equities research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.1%. General Mills’s dividend payout ratio is currently 46.12%.

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.