Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Holdings in General Mills, Inc. (NYSE:GIS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in General Mills, Inc. (NYSE:GIS) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,599 shares of the company’s stock after selling 1,853 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in General Mills were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in GIS. Operose Advisors LLC increased its holdings in shares of General Mills by 214.1% in the third quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after purchasing an additional 274 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in General Mills during the fourth quarter worth approximately $28,000. Authentikos Wealth Advisory LLC bought a new stake in General Mills during the third quarter worth approximately $31,000. HHM Wealth Advisors LLC bought a new stake in General Mills during the third quarter worth approximately $32,000. Finally, Fortitude Family Office LLC bought a new stake in General Mills during the fourth quarter worth approximately $40,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GIS. Morgan Stanley boosted their price objective on General Mills from $58.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, March 21st. TD Cowen boosted their price objective on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. boosted their target price on General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. HSBC boosted their target price on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Finally, Mizuho boosted their target price on General Mills from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $72.18.

General Mills Trading Down 0.1 %

Shares of NYSE GIS traded down $0.05 during trading hours on Tuesday, reaching $71.12. The stock had a trading volume of 1,206,590 shares, compared to its average volume of 4,242,121. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The firm has a market cap of $40.39 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 2.43 and a beta of 0.15. The business’s fifty day moving average price is $67.01 and its two-hundred day moving average price is $65.39. General Mills, Inc. has a 52-week low of $60.33 and a 52-week high of $90.89.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. General Mills’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Analysts expect that General Mills, Inc. will post 4.51 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.36 dividend on an annualized basis and a yield of 3.32%. General Mills’s dividend payout ratio is currently 54.13%.

Insiders Place Their Bets

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the completion of the sale, the insider now owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Jeffrey L. Harmening sold 60,056 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $64.44, for a total transaction of $3,870,008.64. Following the transaction, the chief executive officer now directly owns 318,483 shares of the company’s stock, valued at $20,523,044.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jonathon Nudi sold 10,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total value of $692,100.00. Following the transaction, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The disclosure for this sale can be found here. Insiders sold a total of 77,782 shares of company stock worth $5,057,820 over the last 90 days. Company insiders own 0.24% of the company’s stock.

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.