General Mills, Inc. $GIS Shares Sold by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 18.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,676 shares of the company’s stock after selling 1,319 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in General Mills were worth $294,000 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 stock. Conning Inc. boosted its holdings in General Mills by 4.6% during the first quarter. Conning Inc. now owns 4,212 shares of the company’s stock worth $252,000 after buying an additional 185 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in General Mills by 0.4% during 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 in the last quarter. Eastern Bank boosted its holdings in General Mills by 0.8% during 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 in the last quarter. SPC Financial Inc. boosted its holdings in General Mills by 1.5% during 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 in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. boosted its holdings in General Mills by 5.0% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 4,184 shares of the company’s stock worth $217,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Down 0.9%

Shares of NYSE GIS opened at $46.65 on Friday. General Mills, Inc. has a 12-month low of $46.21 and a 12-month high of $68.89. The company has a market capitalization of $24.88 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.17 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 firm’s 50-day moving average is $49.29 and its two-hundred day moving average is $51.55.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $4.52 billion during 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 company’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, October 10th. General Mills’s payout ratio is currently 46.12%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GIS. JPMorgan Chase & Co. reissued an “underweight” rating and set a $45.00 price objective (down previously from $53.00) on shares of General Mills in a report on Wednesday, August 20th. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. HSBC decreased their price objective on shares of General Mills from $59.00 to $57.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.82.

Insider Buying and Selling at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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.