Congress Wealth Management LLC DE Sells 10,103 Shares of General Mills, Inc. (NYSE:GIS)

Congress Wealth Management LLC DE cut its position in General Mills, Inc. (NYSE:GIS) by 28.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,950 shares of the company’s stock after selling 10,103 shares during the period. Congress Wealth Management LLC DE’s holdings in General Mills were worth $1,655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RFG Advisory LLC lifted its holdings in General Mills by 2.6% during the fourth quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock worth $425,000 after acquiring an additional 172 shares in the last quarter. TCW Group Inc. lifted its holdings in shares of General Mills by 0.8% during the 4th quarter. TCW Group Inc. now owns 23,061 shares of the company’s stock valued at $1,471,000 after purchasing an additional 194 shares in the last quarter. Quadrant Private Wealth Management LLC grew its position in shares of General Mills by 3.7% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 5,579 shares of the company’s stock valued at $356,000 after purchasing an additional 197 shares during the period. Howard Capital Management Inc. increased its stake in General Mills by 5.3% during the 4th quarter. Howard Capital Management Inc. now owns 3,916 shares of the company’s stock worth $250,000 after purchasing an additional 198 shares in the last quarter. Finally, LRI Investments LLC raised its holdings in General Mills by 5.9% during the 3rd quarter. LRI Investments LLC now owns 3,593 shares of the company’s stock worth $265,000 after buying an additional 200 shares during the period. 75.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GIS shares. Morgan Stanley began coverage on shares of General Mills in a report on Monday. They issued an “underweight” rating and a $53.00 price target for the company. Barclays lowered their target price on General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. Stifel Nicolaus cut their price target on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. 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 note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.69.

General Mills Stock Up 2.2 %

General Mills stock opened at $59.05 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company’s 50-day moving average is $59.97 and its 200-day moving average is $64.89. The firm has a market capitalization of $32.55 billion, a PE ratio of 12.84, a P/E/G ratio of 1.94 and a beta of 0.06. General Mills, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. Sell-side analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is 52.75%.

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.