Valley Wealth Managers Inc. Sells 4,053 Shares of General Mills, Inc. (NYSE:GIS)

Valley Wealth Managers Inc. lowered its position in General Mills, Inc. (NYSE:GIS) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 53,437 shares of the company’s stock after selling 4,053 shares during the quarter. Valley Wealth Managers Inc.’s holdings in General Mills were worth $3,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of GIS. Stratos Wealth Advisors LLC grew its holdings in shares of General Mills by 1.7% in the third quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock worth $783,000 after acquiring an additional 173 shares during the period. Capital Investment Advisors LLC grew its holdings in shares of General Mills by 1.4% in the third quarter. Capital Investment Advisors LLC now owns 20,646 shares of the company’s stock worth $1,525,000 after acquiring an additional 286 shares during the period. First Citizens Bank & Trust Co. grew its holdings in shares of General Mills by 11.9% in the third quarter. First Citizens Bank & Trust Co. now owns 5,866 shares of the company’s stock worth $433,000 after acquiring an additional 625 shares during the period. Means Investment CO. Inc. bought a new stake in shares of General Mills in the third quarter worth $202,000. Finally, Carl Stuart Investment Advisor Inc. bought a new stake in General Mills during the third quarter valued at about $227,000. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.26% of the company’s stock.

General Mills Price Performance

NYSE:GIS opened at $58.85 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $32.44 billion, a P/E ratio of 12.79, a P/E/G ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a 12 month low of $57.85 and a 12 month high of $75.90. The business’s 50-day moving average is $61.61 and its 200 day moving average is $66.87.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. On average, equities research analysts forecast that General Mills, Inc. will post 4.4 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.08%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Ratings Changes

Several research firms have issued reports on GIS. TD Cowen cut their price target on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Bank of America raised General Mills from a “neutral” rating to a “buy” rating and boosted their price target for the company from $78.00 to $80.00 in a report on Friday, December 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Thursday, December 19th. Wells Fargo & Company cut their price target on General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Barclays cut their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus price target of $71.13.

About General Mills

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.