General Mills, Inc. (NYSE:GIS) Shares Sold by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. lessened its position in shares of General Mills, Inc. (NYSE:GIS) by 1.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 87,703 shares of the company’s stock after selling 1,198 shares during the period. General Mills accounts for about 1.5% of Benedict Financial Advisors Inc.’s portfolio, making the stock its 19th biggest holding. Benedict Financial Advisors Inc.’s holdings in General Mills were worth $6,477,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Values First Advisors Inc. purchased a new position in General Mills in the third quarter valued at $27,000. Capital Advisors Ltd. LLC raised its position in shares of General Mills by 409.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after acquiring an additional 336 shares in the last quarter. RFP Financial Group LLC lifted its stake in General Mills by 66.3% during the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after purchasing an additional 173 shares during the last quarter. First Foundation Advisors boosted its holdings in General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Finally, Park Place Capital Corp increased its stake in General Mills by 40.6% in the first quarter. Park Place Capital Corp now owns 540 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Stock Performance

Shares of NYSE:GIS traded down $0.31 during midday trading on Friday, hitting $68.30. The stock had a trading volume of 2,183,941 shares, compared to its average volume of 3,890,381. The company has a market capitalization of $38.12 billion, a PE ratio of 15.85, a P/E/G ratio of 3.71 and a beta of 0.10. General Mills, Inc. has a 1 year low of $61.47 and a 1 year high of $75.90. The stock has a 50 day moving average price of $72.31 and a two-hundred day moving average price of $69.18. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the business posted $1.09 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities analysts predict that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, October 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.51%. General Mills’s payout ratio is currently 55.68%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Argus restated a “hold” rating on shares of General Mills in a report on Tuesday, July 16th. TD Cowen upped their price objective on shares of General Mills from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Mizuho cut their target price on General Mills from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Evercore ISI decreased their target price on General Mills from $76.00 to $72.00 and set an “in-line” rating for the company in a research report on Friday, June 28th. Finally, Stifel Nicolaus lifted their price target on General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, General Mills presently has a consensus rating of “Hold” and an average target price of $73.00.

Insider Transactions at General Mills

In related news, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at approximately $24,379,054.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jonathon Nudi sold 9,647 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $74.39, for a total value of $717,640.33. Following the completion of the transaction, the insider now owns 128,664 shares in the company, valued at $9,571,314.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares in the company, valued at $24,379,054.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,555 shares of company stock valued at $4,657,676 in the last ninety days. 0.24% of the stock is currently owned by company insiders.

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.