General Mills, Inc. (NYSE:GIS) Shares Sold by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC trimmed its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 49.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,063 shares of the company's stock after selling 18,800 shares during the period. Granite Bay Wealth Management LLC's holdings in General Mills were worth $1,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GIS. FWL Investment Management LLC purchased a new position in General Mills in the fourth quarter worth about $25,000. Operose Advisors LLC raised its holdings in General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company's stock worth $26,000 after buying an additional 274 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in General Mills in the fourth quarter worth about $28,000. Almanack Investment Partners LLC. purchased a new position in General Mills in the third quarter worth about $28,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in General Mills in the third quarter worth about $31,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Bank of America lifted 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. Citigroup assumed coverage on shares of General Mills in a research note on Thursday, February 1st. They issued a "neutral" rating and a $67.00 price target for the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $72.00 price target on shares of General Mills in a research note on Thursday, March 21st. HSBC lifted their price target on shares of General Mills from $74.00 to $76.00 and gave the stock a "hold" rating in a research note on Thursday, March 21st. Finally, Mizuho boosted their target price on shares of General Mills from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $72.18.

General Mills Trading Down 1.2 %

GIS stock traded down $0.80 during mid-day trading on Friday, reaching $66.20. 3,371,932 shares of the stock traded hands, compared to its average volume of 4,954,941. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The stock has a market capitalization of $37.59 billion, a PE ratio of 15.18, a PEG ratio of 2.28 and a beta of 0.15. The business has a 50-day moving average price of $66.36 and a two-hundred day moving average price of $65.14.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.12. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $4.97 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The business's revenue was down .5% compared to the same quarter last year. Equities research analysts expect that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Tuesday, April 9th. General Mills's dividend payout ratio (DPR) is 54.13%.

Insider Transactions at General Mills

In other news, insider Jonathon Nudi sold 10,000 shares of the company's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Jeffrey L. Harmening sold 60,056 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $64.44, for a total value of $3,870,008.64. Following the completion of the transaction, the chief executive officer now directly owns 318,483 shares of the company's stock, valued at approximately $20,523,044.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the transaction, the insider now directly owns 93,381 shares of the company's stock, valued at $6,462,899.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,782 shares of company stock worth $5,057,820. Insiders own 0.24% of the company's stock.

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