Stratos Wealth Advisors LLC Has $654,000 Stock Position in General Mills, Inc. (NYSE:GIS)

Stratos Wealth Advisors LLC cut its holdings in General Mills, Inc. (NYSE:GIS) by 3.3% during the 4th quarter, HoldingsChannel reports. The fund owned 10,252 shares of the company’s stock after selling 352 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in General Mills were worth $654,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Czech National Bank lifted its position in shares of General Mills by 5.4% during the 3rd quarter. Czech National Bank now owns 113,389 shares of the company’s stock valued at $8,374,000 after acquiring an additional 5,808 shares during the period. Mather Group LLC. lifted its position in General Mills by 65.2% during the third quarter. Mather Group LLC. now owns 4,750 shares of the company’s stock worth $351,000 after purchasing an additional 1,875 shares during the period. Atomi Financial Group Inc. grew its stake in General Mills by 18.7% during the third quarter. Atomi Financial Group Inc. now owns 5,898 shares of the company’s stock worth $436,000 after buying an additional 931 shares in the last quarter. Brookstone Capital Management increased its holdings in General Mills by 13.6% in the 3rd quarter. Brookstone Capital Management now owns 15,234 shares of the company’s stock valued at $1,125,000 after buying an additional 1,821 shares during the period. Finally, Wedmont Private Capital raised its position in shares of General Mills by 4.1% in the 3rd quarter. Wedmont Private Capital now owns 13,174 shares of the company’s stock valued at $958,000 after buying an additional 518 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on GIS shares. Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $80.00 in a research report on Friday, December 13th. TD Cowen dropped their price objective on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft decreased their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. increased their target price on shares of General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Stifel Nicolaus decreased their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, January 24th. One research 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’s stock. According to data from MarketBeat.com, General Mills has an average rating of “Hold” and an average price target of $70.94.

General Mills Stock Down 0.6 %

Shares of GIS opened at $58.86 on Friday. The stock’s 50-day moving average price is $62.46 and its two-hundred day moving average price is $67.16. General Mills, Inc. has a 12 month low of $57.94 and a 12 month high of $75.90. The company has a market capitalization of $32.45 billion, a PE ratio of 12.80, a PEG ratio of 3.88 and a beta of 0.10. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

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

General Mills Dividend Announcement

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

Insider Buying and Selling

In other General Mills news, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total value of $63,660.00. Following the transaction, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the firm’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 of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

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.