180 Wealth Advisors LLC Has $632,000 Stake in General Mills, Inc. (NYSE:GIS)

180 Wealth Advisors LLC trimmed its stake in General Mills, Inc. (NYSE:GIS) by 3.5% in the first quarter, HoldingsChannel.com reports. The firm owned 9,038 shares of the company’s stock after selling 323 shares during the period. 180 Wealth Advisors LLC’s holdings in General Mills were worth $632,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Morgan Stanley increased its holdings in shares of General Mills by 0.3% during the third quarter. Morgan Stanley now owns 8,242,274 shares of the company’s stock valued at $527,423,000 after acquiring an additional 23,400 shares in the last quarter. Capital World Investors grew its holdings in General Mills by 7.6% during the fourth quarter. Capital World Investors now owns 7,074,884 shares of the company’s stock worth $460,858,000 after buying an additional 501,717 shares in the last quarter. Norges Bank bought a new stake in General Mills during the fourth quarter worth $377,205,000. Dimensional Fund Advisors LP grew its holdings in General Mills by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,003,306 shares of the company’s stock worth $325,909,000 after buying an additional 235,938 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in General Mills by 106.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock worth $224,254,000 after buying an additional 1,778,345 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Down 0.7 %

NYSE:GIS traded down $0.46 during trading hours on Thursday, reaching $63.71. 6,436,931 shares of the company traded hands, compared to its average volume of 4,153,037. The stock has a market capitalization of $36.18 billion, a P/E ratio of 14.61, a P/E/G ratio of 3.13 and a beta of 0.12. The business’s 50-day moving average price is $68.76 and its two-hundred day moving average price is $66.79. General Mills, Inc. has a 1 year low of $60.33 and a 1 year high of $78.88. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.02. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. General Mills’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. Analysts predict that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $2.40 annualized dividend and a yield of 3.77%. This is a boost from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio is 54.13%.

Insiders Place Their Bets

In related news, insider Werner Lanette Shaffer sold 710 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the transaction, the insider now directly owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GIS. Mizuho upped their price objective on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. HSBC upped their price objective on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Morgan Stanley upped their price objective on General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research note on Thursday, March 21st. Barclays upped their price target on General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.72.

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.