Atria Wealth Solutions Inc. Sells 708 Shares of General Mills, Inc. (NYSE:GIS)

Atria Wealth Solutions Inc. cut its position in shares of General Mills, Inc. (NYSE:GIS) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,676 shares of the company’s stock after selling 708 shares during the period. Atria Wealth Solutions Inc.’s holdings in General Mills were worth $2,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Endeavor Private Wealth Inc. bought a new stake in shares of General Mills during the fourth quarter valued at approximately $26,000. Values First Advisors Inc. bought a new stake in shares of General Mills during the third quarter valued at approximately $27,000. Planning Capital Management Corp increased its position in shares of General Mills by 61.5% during the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of General Mills during the fourth quarter valued at approximately $38,000. Finally, Catalyst Capital Advisors LLC bought a new stake in General Mills in the third quarter valued at $44,000. 75.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

General Mills Trading Up 3.1 %

Shares of GIS opened at $61.02 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. General Mills, Inc. has a 12-month low of $55.15 and a 12-month high of $75.90. The firm has a market capitalization of $33.63 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. The stock’s fifty day simple moving average is $60.89 and its 200-day simple moving average is $66.55.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GIS. Stifel Nicolaus lowered their price target on General Mills from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. TD Cowen lowered their price target on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lowered their price target on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Bank of America lowered their price target on General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price target on General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, General Mills currently has an average rating of “Hold” and a consensus target price of $69.88.

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.