D.A. Davidson & CO. Has $5.79 Million Position in General Mills, Inc. (NYSE:GIS)

D.A. Davidson & CO. decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,334 shares of the company’s stock after selling 2,686 shares during the period. D.A. Davidson & CO.’s holdings in General Mills were worth $5,785,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Mesirow Financial Investment Management Inc. raised its holdings in shares of General Mills by 1.1% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after acquiring an additional 148 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of General Mills by 4.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 3,261 shares of the company’s stock valued at $206,000 after purchasing an additional 151 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of General Mills by 5.0% in the second quarter. Secure Asset Management LLC now owns 3,305 shares of the company’s stock valued at $209,000 after purchasing an additional 157 shares in the last quarter. LCM Capital Management Inc boosted its position in shares of General Mills by 1.9% during the second quarter. LCM Capital Management Inc now owns 8,521 shares of the company’s stock valued at $539,000 after buying an additional 157 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in General Mills by 1.1% during the third quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock worth $1,097,000 after buying an additional 165 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on GIS shares. Barclays raised their price objective on General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. TD Cowen boosted their price target on shares of General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company decreased their price objective on shares of General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, November 15th. Citigroup lifted their target price on shares of General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group started coverage on General Mills in a report on Monday, August 12th. They issued a “buy” rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $72.67.

General Mills Stock Up 0.4 %

GIS opened at $66.23 on Thursday. General Mills, Inc. has a 12 month low of $61.47 and a 12 month high of $75.90. The company has a market cap of $36.77 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 3.41 and a beta of 0.11. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $69.12 and a 200 day moving average of $68.54.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. On average, sell-side 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 Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.62%. General Mills’s dividend payout ratio (DPR) is currently 57.14%.

Insider Activity at General Mills

In related news, Director Maria Sastre sold 1,000 shares of General Mills stock in a transaction on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mark A. Pallot sold 8,083 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $71.28, for a total value of $576,156.24. Following the transaction, the chief accounting officer now owns 14,813 shares of the company’s stock, valued at approximately $1,055,870.64. The trade was a 35.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,555 shares of company stock valued at $4,721,336. Corporate insiders own 0.26% of the company’s stock.

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.