SilverOak Wealth Management LLC Sells 1,402 Shares of General Mills, Inc. (NYSE:GIS)

SilverOak Wealth Management LLC lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,072 shares of the company’s stock after selling 1,402 shares during the period. SilverOak Wealth Management LLC’s holdings in General Mills were worth $834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GIS. Nordea Investment Management AB boosted its position in shares of General Mills by 64.5% in the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after purchasing an additional 3,058,414 shares in the last quarter. JPMorgan Chase & Co. raised its stake in General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock valued at $421,552,000 after buying an additional 2,926,232 shares during the last quarter. State Street Corp boosted its holdings in General Mills by 9.4% in the third quarter. State Street Corp now owns 33,502,737 shares of the company’s stock worth $2,474,177,000 after acquiring an additional 2,867,678 shares in the last quarter. Nepsis Inc. grew its stake in shares of General Mills by 3,504.8% in the fourth quarter. Nepsis Inc. now owns 2,164,395 shares of the company’s stock worth $138,023,000 after acquiring an additional 2,104,353 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of General Mills by 6,114.0% during the third quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock valued at $33,266,000 after acquiring an additional 443,202 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Down 2.2 %

GIS opened at $57.53 on Wednesday. The firm’s 50 day simple moving average is $61.30 and its two-hundred day simple moving average is $66.72. The company has a market capitalization of $31.71 billion, a PE ratio of 12.51, a PEG ratio of 3.82 and a beta of 0.10. General Mills, Inc. has a 1-year low of $55.15 and a 1-year 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, topping analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the firm earned $1.25 EPS. General Mills’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities analysts forecast 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 paid 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 4.17%. General Mills’s dividend payout ratio (DPR) is presently 52.17%.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GIS shares. 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. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Stifel Nicolaus reduced their price target on shares of General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Barclays lowered their price objective on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, Bank of America raised General Mills from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $78.00 to $80.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $71.13.

General Mills Company 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.