Stratos Wealth Advisors LLC Has $469,000 Stock Holdings in General Mills, Inc. $GIS

Stratos Wealth Advisors LLC cut its holdings in General Mills, Inc. (NYSE:GIS) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,052 shares of the company’s stock after selling 238 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in General Mills were worth $469,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Perpetual Ltd lifted its stake in General Mills by 3.5% in the first quarter. Perpetual Ltd now owns 5,411 shares of the company’s stock valued at $324,000 after acquiring an additional 184 shares during the last quarter. Conning Inc. lifted its stake in shares of General Mills by 4.6% in the first quarter. Conning Inc. now owns 4,212 shares of the company’s stock worth $252,000 after buying an additional 185 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of General Mills by 0.4% in the first quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company’s stock worth $3,127,000 after buying an additional 185 shares during the last quarter. Eastern Bank lifted its stake in shares of General Mills by 0.8% in the first quarter. Eastern Bank now owns 24,817 shares of the company’s stock worth $1,484,000 after buying an additional 186 shares during the last quarter. Finally, SPC Financial Inc. lifted its stake in shares of General Mills by 1.5% in the first quarter. SPC Financial Inc. now owns 13,452 shares of the company’s stock worth $804,000 after buying an additional 193 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 1.6%

Shares of General Mills stock opened at $48.48 on Monday. The firm has a market capitalization of $25.86 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 1.22 and a beta of -0.03. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.66 and a quick ratio of 0.40. The company’s fifty day moving average price is $49.65 and its two-hundred day moving average price is $52.26. General Mills, Inc. has a 52-week low of $47.48 and a 52-week high of $70.60.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 15.24% and a return on equity of 23.46%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. On average, analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm 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. This represents a $2.44 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, October 10th. General Mills’s payout ratio is 46.12%.

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 on Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the sale, the insider owned 66,593 shares of the company’s stock, valued at $3,332,313.72. The trade was a 5.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research note on Thursday, September 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Mills from $52.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, September 18th. Wells Fargo & Company set a $53.00 target price on shares of General Mills and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. Finally, HSBC dropped their target price on shares of General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a research report on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.82.

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.