Venturi Wealth Management LLC Decreases Stock Holdings in General Mills, Inc. $GIS

Venturi Wealth Management LLC lowered its holdings in shares of General Mills, Inc. (NYSE:GISFree Report) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,438 shares of the company’s stock after selling 1,208 shares during the quarter. Venturi Wealth Management LLC’s holdings in General Mills were worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC increased its holdings in General Mills by 4.1% in the 1st quarter. Miracle Mile Advisors LLC now owns 10,903 shares of the company’s stock worth $652,000 after acquiring an additional 430 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in General Mills by 16.3% in the 1st quarter. First Citizens Bank & Trust Co. now owns 6,342 shares of the company’s stock worth $379,000 after acquiring an additional 888 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in General Mills by 110.0% in the 1st quarter. Farther Finance Advisors LLC now owns 16,503 shares of the company’s stock worth $986,000 after acquiring an additional 8,643 shares in the last quarter. Yousif Capital Management LLC increased its holdings in General Mills by 3.4% in the 1st quarter. Yousif Capital Management LLC now owns 97,690 shares of the company’s stock worth $5,841,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in General Mills by 12.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 9,832 shares of the company’s stock worth $588,000 after acquiring an additional 1,068 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of General Mills stock in a transaction 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 completion of the sale, the insider directly owned 66,593 shares in the company, valued at approximately $3,332,313.72. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on GIS. Royal Bank Of Canada raised shares of General Mills from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from $67.00 to $63.00 in a report on Thursday, June 26th. Barclays cut their price objective on shares of General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, September 19th. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a report on Wednesday. Finally, Jefferies Financial Group cut their price objective on shares of General Mills from $51.00 to $50.00 and set a “hold” rating for the company in a report on Monday, September 8th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, General Mills has a consensus rating of “Hold” and a consensus price target of $55.82.

Read Our Latest Stock Report on General Mills

General Mills Stock Down 2.3%

Shares of GIS opened at $49.76 on Thursday. The company has a market cap of $26.54 billion, a PE ratio of 9.41, a P/E/G ratio of 1.29 and a beta of -0.03. The business has a fifty day moving average of $49.77 and a 200 day moving average of $52.87. General Mills, Inc. has a 52-week low of $48.29 and a 52-week high of $72.71. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28.

General Mills (NYSE:GISGet Free Report) 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. General Mills had a return on equity of 23.46% and a net margin of 15.24%.The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the company earned $1.07 earnings per share. General Mills’s revenue was down 6.8% on a year-over-year basis. On average, sell-side analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

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

General Mills Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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