Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Trims Stake in General Mills, Inc. (NYSE:GIS)

Share on StockTwits

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in General Mills, Inc. (NYSE:GIS) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,781 shares of the company’s stock after selling 3,683 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in General Mills were worth $1,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GIS. Krane Funds Advisors LLC purchased a new position in General Mills in the 2nd quarter worth about $25,000. Ellevest Inc. purchased a new position in General Mills in the 2nd quarter worth about $28,000. Capital International Ltd. CA purchased a new position in General Mills in the 2nd quarter worth about $30,000. Employers Holdings Inc. purchased a new position in General Mills in the 2nd quarter worth about $32,000. Finally, NuWave Investment Management LLC increased its stake in General Mills by 377.4% in the 2nd quarter. NuWave Investment Management LLC now owns 635 shares of the company’s stock worth $33,000 after buying an additional 502 shares during the period. 68.33% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Kofi A. Bruce sold 15,582 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $54.33, for a total value of $846,570.06. Following the sale, the insider now directly owns 35,487 shares in the company, valued at approximately $1,928,008.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathon Nudi sold 18,951 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $54.52, for a total transaction of $1,033,208.52. Following the completion of the sale, the insider now owns 81,656 shares in the company, valued at $4,451,885.12. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Several research firms recently commented on GIS. Credit Suisse Group reaffirmed a “hold” rating and issued a $56.00 price target on shares of General Mills in a research note on Thursday, September 12th. ValuEngine downgraded shares of General Mills from a “sell” rating to a “strong sell” rating in a research note on Friday, November 1st. Morgan Stanley raised their price target on shares of General Mills from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 19th. Zacks Investment Research raised shares of General Mills from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday, August 22nd. Finally, Barclays reaffirmed a “hold” rating and issued a $55.00 price target on shares of General Mills in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. General Mills presently has a consensus rating of “Hold” and a consensus target price of $53.82.

NYSE GIS traded down $0.12 during trading on Tuesday, reaching $52.24. 1,412,480 shares of the company’s stock traded hands, compared to its average volume of 3,329,721. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.62 and a quick ratio of 0.37. The firm has a market cap of $31.73 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.23 and a beta of 0.71. The company’s 50 day simple moving average is $52.86 and its two-hundred day simple moving average is $52.94. General Mills, Inc. has a 12-month low of $36.42 and a 12-month high of $56.40.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 18th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a net margin of 11.21% and a return on equity of 27.38%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. Research analysts expect that General Mills, Inc. will post 3.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, October 9th. General Mills’s dividend payout ratio (DPR) is 60.87%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

Featured Story: Does the Dogs of the Dow strategy work?

Want to see what other hedge funds are holding GIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS).

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

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Intesa Sanpaolo SpA  Given Average Recommendation of “Hold” by Analysts
Intesa Sanpaolo SpA Given Average Recommendation of “Hold” by Analysts
$14.18 Million in Sales Expected for Quanterix Corp  This Quarter
$14.18 Million in Sales Expected for Quanterix Corp This Quarter
Sandy Spring Bancorp Inc.  Sees Significant Increase in Short Interest
Sandy Spring Bancorp Inc. Sees Significant Increase in Short Interest
EtherInc Trading Down 16.8% This Week
EtherInc Trading Down 16.8% This Week
Wagerr  Hits Market Cap of $5.89 Million
Wagerr Hits Market Cap of $5.89 Million
Fatcoin  Tops 1-Day Volume of $1.34 Million
Fatcoin Tops 1-Day Volume of $1.34 Million


© 2006-2019 Ticker Report