Venturi Wealth Management LLC Sells 1,208 Shares of General Mills, Inc. $GIS

Venturi Wealth Management LLC reduced its position in General Mills, Inc. (NYSE:GIS) by 6.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,438 shares of the company’s stock after selling 1,208 shares during the period. Venturi Wealth Management LLC’s holdings in General Mills were worth $955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GIS. Miracle Mile Advisors LLC raised its holdings in shares of General Mills by 4.1% in the first quarter. Miracle Mile Advisors LLC now owns 10,903 shares of the company’s stock valued at $652,000 after acquiring an additional 430 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of General Mills by 16.3% in the first quarter. First Citizens Bank & Trust Co. now owns 6,342 shares of the company’s stock valued at $379,000 after acquiring an additional 888 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of General Mills by 110.0% in the first quarter. Farther Finance Advisors LLC now owns 16,503 shares of the company’s stock valued at $986,000 after acquiring an additional 8,643 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of General Mills by 3.4% in the first quarter. Yousif Capital Management LLC now owns 97,690 shares of the company’s stock valued at $5,841,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in General Mills by 12.2% in the first quarter. Harbor Capital Advisors Inc. now owns 9,832 shares of the company’s stock valued at $588,000 after purchasing an additional 1,068 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Transactions at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the transaction, the insider directly owned 66,593 shares of the company’s stock, valued at approximately $3,332,313.72. The trade was a 5.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GIS. Bank of America cut their target price on General Mills from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. UBS Group cut their target price on General Mills from $49.00 to $47.00 and set a “sell” rating on the stock in a research note on Thursday, September 18th. Wells Fargo & Company set a $53.00 target price on General Mills and gave the company an “equal weight” rating in a research note on Thursday, June 26th. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $52.00 to $50.00 and set a “hold” rating on the stock in a research note on Thursday, September 18th. Finally, Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.82.

General Mills Price Performance

Shares of NYSE GIS opened at $49.76 on Thursday. The business’s 50 day moving average price is $49.77 and its 200 day moving average price is $52.87. The firm has a market cap of $26.54 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.29 and a beta of -0.03. General Mills, Inc. has a 52 week low of $48.29 and a 52 week high of $72.71. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.28.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 17th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.General Mills’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. On average, sell-side analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.44 dividend on an annualized basis and a yield of 4.9%. General Mills’s payout ratio is presently 46.12%.

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.