Exencial Wealth Advisors LLC Lowers Stock Position in General Mills, Inc. (NYSE:GIS)

Exencial Wealth Advisors LLC decreased its holdings in General Mills, Inc. (NYSE:GIS) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 17,415 shares of the company’s stock after selling 384 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in General Mills were worth $1,111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Endeavor Private Wealth Inc. purchased a new position in shares of General Mills in the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of General Mills in the fourth quarter valued at approximately $31,000. Bank of Jackson Hole Trust purchased a new position in shares of General Mills in the fourth quarter valued at approximately $34,000. Planning Capital Management Corp boosted its stake in shares of General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock valued at $37,000 after purchasing an additional 193 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in shares of General Mills in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. The trade was a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

General Mills Stock Down 0.3 %

GIS stock opened at $60.96 on Thursday. The company’s 50 day moving average is $60.35 and its two-hundred day moving average is $66.09. The stock has a market cap of $33.60 billion, a P/E ratio of 13.25, a PEG ratio of 1.94 and a beta of 0.10. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. 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 analysts’ consensus estimates of $1.22 by $0.18. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. Research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.94%. General Mills’s payout ratio is 52.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 price objective on shares of General Mills in a research note on Thursday, December 19th. Citigroup decreased their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. TD Cowen decreased their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company decreased their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $69.06.

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.