Imprint Wealth LLC Has $637,000 Position in General Mills, Inc. (NYSE:GIS)

Imprint Wealth LLC trimmed its stake in General Mills, Inc. (NYSE:GIS) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,776 shares of the company’s stock after selling 408 shares during the quarter. Imprint Wealth LLC’s holdings in General Mills were worth $637,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GIS. FWL Investment Management LLC acquired a new stake in shares of General Mills in the 4th quarter valued at about $25,000. Operose Advisors LLC increased its holdings in shares of General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock valued at $26,000 after acquiring an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of General Mills during the fourth quarter worth approximately $28,000. Almanack Investment Partners LLC. bought a new position in shares of General Mills in the 3rd quarter worth $28,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in General Mills in the 3rd quarter valued at $31,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on GIS. HSBC raised their price objective on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Mizuho upped their price target on General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Bank of America raised their price objective on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Barclays upped their target price on shares of General Mills from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, March 22nd. Finally, Stifel Nicolaus lifted their target price on shares of General Mills from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $72.18.

General Mills Stock Performance

General Mills stock traded up $0.31 during midday trading on Tuesday, reaching $67.63. The stock had a trading volume of 1,454,107 shares, compared to its average volume of 4,274,155. The firm has a market capitalization of $38.41 billion, a PE ratio of 15.44, a P/E/G ratio of 2.28 and a beta of 0.15. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $66.43 and its 200 day moving average price is $65.17.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, research analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Tuesday, April 9th. General Mills’s payout ratio is currently 54.13%.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the sale, the chief executive officer now owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jonathon Nudi sold 7,671 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $64.15, for a total value of $492,094.65. Following the transaction, the insider now owns 102,924 shares of the company’s stock, valued at $6,602,574.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the sale, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at approximately $20,523,044.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,782 shares of company stock worth $5,057,820. 0.24% of the stock is owned by corporate insiders.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.