Essex Financial Services Inc. lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,486 shares of the company’s stock after selling 1,228 shares during the period. Essex Financial Services Inc.’s holdings in General Mills were worth $1,215,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Lenox Wealth Management Inc. boosted its position in shares of General Mills by 0.3% during the second quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after buying an additional 11 shares during the period. Argent Trust Co boosted its position in shares of General Mills by 0.6% during the second quarter. Argent Trust Co now owns 16,141 shares of the company’s stock valued at $894,000 after buying an additional 100 shares during the period. Associated Banc Corp boosted its position in shares of General Mills by 0.3% during the second quarter. Associated Banc Corp now owns 28,880 shares of the company’s stock valued at $1,600,000 after buying an additional 100 shares during the period. Regal Investment Advisors LLC boosted its position in shares of General Mills by 3.3% during the second quarter. Regal Investment Advisors LLC now owns 4,110 shares of the company’s stock valued at $228,000 after buying an additional 133 shares during the period. Finally, Evercore Wealth Management LLC boosted its position in shares of General Mills by 0.7% during the second quarter. Evercore Wealth Management LLC now owns 27,401 shares of the company’s stock valued at $1,518,000 after buying an additional 196 shares during the period. Institutional investors and hedge funds own 72.59% of the company’s stock.

Shares of General Mills, Inc. (GIS) opened at $54.72 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $31,138.08, a P/E ratio of 20.04, a P/E/G ratio of 2.41 and a beta of 0.61. General Mills, Inc. has a twelve month low of $49.65 and a twelve month high of $63.73.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 20th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. General Mills’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. research analysts expect that General Mills, Inc. will post 3.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.58%. General Mills’s dividend payout ratio is currently 71.79%.

Several brokerages have issued reports on GIS. Argus restated a “hold” rating on shares of General Mills in a research report on Wednesday, December 27th. BMO Capital Markets restated a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Susquehanna Bancshares set a $61.00 target price on General Mills and gave the company a “hold” rating in a research report on Friday, January 5th. Piper Jaffray Companies upgraded General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 target price for the company in a research report on Wednesday, January 3rd. Finally, Credit Suisse Group set a $60.00 target price on General Mills and gave the company a “hold” rating in a research report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $58.28.

In other General Mills news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares in the company, valued at $2,143,686.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

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About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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