General Mills, Inc. (NYSE:GIS) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its holdings in shares of General Mills, Inc. (NYSE:GIS) by 28.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,772 shares of the company’s stock after selling 3,481 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in General Mills were worth $645,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GIS. Arkadios Wealth Advisors increased its stake in General Mills by 41.8% in the second quarter. Arkadios Wealth Advisors now owns 36,503 shares of the company’s stock valued at $2,309,000 after purchasing an additional 10,765 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of General Mills by 22.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 237,850 shares of the company’s stock valued at $17,565,000 after buying an additional 43,086 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of General Mills by 129.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 184,823 shares of the company’s stock valued at $13,649,000 after buying an additional 104,436 shares during the last quarter. Ellsworth Advisors LLC raised its stake in General Mills by 105.8% during the 3rd quarter. Ellsworth Advisors LLC now owns 144,851 shares of the company’s stock worth $10,697,000 after acquiring an additional 74,456 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in General Mills by 6.4% in the second quarter. AQR Capital Management LLC now owns 1,157,232 shares of the company’s stock valued at $73,206,000 after acquiring an additional 69,902 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Cowen raised their price objective on General Mills from $72.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a research note on Thursday, September 19th. JPMorgan Chase & Co. boosted their price objective on General Mills from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Stifel Nicolaus raised their target price on shares of General Mills from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Barclays lifted their target price on shares of General Mills from $67.00 to $74.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.56.

General Mills Stock Down 3.1 %

GIS stock opened at $63.91 on Thursday. The stock has a market capitalization of $35.48 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 3.41 and a beta of 0.10. The company has a fifty day moving average of $66.76 and a 200-day moving average of $68.17. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. General Mills, Inc. has a one year low of $61.47 and a one year high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts expect that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, January 10th. General Mills’s dividend payout ratio is presently 57.14%.

Insiders Place Their Bets

In other news, insider Jonathon Nudi sold 9,647 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.39, for a total transaction of $717,640.33. Following the transaction, the insider now directly owns 128,664 shares of the company’s stock, valued at $9,571,314.96. This represents a 6.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pankaj Mn Sharma sold 2,325 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares of the company’s stock, valued at $2,700,411.92. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,555 shares of company stock worth $4,721,336. 0.26% of the stock is owned by corporate insiders.

General Mills 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.