General Mills, Inc. (NYSE:GIS) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in General Mills, Inc. (NYSE:GIS) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,599 shares of the company’s stock after selling 1,853 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in General Mills were worth $1,077,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Operose Advisors LLC increased its stake in shares of General Mills by 214.1% during the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of General Mills during the fourth quarter worth about $28,000. Authentikos Wealth Advisory LLC acquired a new position in shares of General Mills during the third quarter worth about $31,000. HHM Wealth Advisors LLC acquired a new position in shares of General Mills during the third quarter worth about $32,000. Finally, Fortitude Family Office LLC acquired a new position in shares of General Mills during the fourth quarter worth about $40,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jonathon Nudi sold 7,671 shares of the firm’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 approximately $6,602,574.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Jonathon Nudi sold 7,671 shares of General Mills stock in a transaction on Monday, January 29th. The shares were sold at an average price of $64.15, for a total transaction of $492,094.65. Following the sale, the insider now owns 102,924 shares of the company’s stock, valued at approximately $6,602,574.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Harmening sold 60,056 shares of General Mills stock in a transaction on 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 directly owns 318,483 shares in the company, valued at approximately $20,523,044.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,782 shares of company stock valued at $5,057,820. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GIS. JPMorgan Chase & Co. boosted their price target on shares of General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Morgan Stanley boosted their price target on shares of General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. Stifel Nicolaus reissued a “buy” rating and set a $77.00 price objective on shares of General Mills in a report on Monday. Mizuho boosted their price objective on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, Citigroup initiated coverage on shares of General Mills in a report on Thursday, February 1st. They set a “neutral” rating and a $67.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.18.

General Mills Price Performance

Shares of NYSE GIS traded down $0.05 on Tuesday, hitting $71.12. The company’s stock had a trading volume of 1,206,590 shares, compared to its average volume of 4,242,121. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market capitalization of $40.39 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 2.43 and a beta of 0.15. The stock has a 50 day moving average of $67.01 and a 200-day moving average of $65.39. General Mills, Inc. has a 12-month low of $60.33 and a 12-month high of $90.89.

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

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Tuesday, April 9th. General Mills’s payout ratio is currently 54.13%.

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