180 Wealth Advisors LLC Has $445,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

180 Wealth Advisors LLC reduced its position in shares of General Mills, Inc. (NYSE:GIS) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,979 shares of the company’s stock after selling 192 shares during the period. 180 Wealth Advisors LLC’s holdings in General Mills were worth $445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Values First Advisors Inc. acquired a new position in shares of General Mills during the 3rd quarter worth $27,000. Planning Capital Management Corp grew its position in 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 acquiring an additional 193 shares during the last quarter. Fairscale Capital LLC acquired a new position in General Mills during the second quarter worth about $42,000. Catalyst Capital Advisors LLC bought a new position in shares of General Mills in the third quarter worth about $44,000. Finally, Rise Advisors LLC boosted its stake in shares of General Mills by 46.7% in the 3rd quarter. Rise Advisors LLC now owns 606 shares of the company’s stock valued at $45,000 after purchasing an additional 193 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Down 0.9 %

Shares of NYSE GIS opened at $58.82 on Wednesday. The company’s 50 day moving average price is $64.15 and its 200-day moving average price is $67.64. 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 52-week low of $58.27 and a 52-week high of $75.90. The company has a market capitalization of $32.42 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 3.47 and a beta of 0.11.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business 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 business earned $1.25 earnings per share. General Mills’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts forecast that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 4.08%. General Mills’s dividend payout ratio is currently 52.17%.

Insiders Place Their Bets

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total value of $3,190,365.00. Following the completion of the sale, the chief executive officer now directly owns 355,328 shares in the company, valued at approximately $24,379,054.08. This trade represents a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the transaction, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,541 shares of company stock worth $3,321,170. 0.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of research analyst reports. Barclays lowered their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research note on Thursday, December 19th. Citigroup reduced their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and increased their target price for the company from $78.00 to $80.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. boosted their price target on General Mills from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, General Mills currently has an average rating of “Hold” and an average price target of $71.31.

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.