Usca Ria LLC Decreases Stake in General Mills, Inc. (NYSE:GIS)

Usca Ria LLC decreased its position in General Mills, Inc. (NYSE:GIS) by 30.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 133,999 shares of the company’s stock after selling 57,415 shares during the period. Usca Ria LLC’s holdings in General Mills were worth $7,177,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GIS. Ellevest Inc. purchased a new stake in General Mills in the 2nd quarter valued at about $28,000. KCS Wealth Advisory purchased a new stake in shares of General Mills during the 3rd quarter worth approximately $36,000. Quest Capital Management Inc. ADV purchased a new stake in shares of General Mills during the 3rd quarter worth approximately $37,000. Venturi Wealth Management LLC purchased a new stake in shares of General Mills during the 3rd quarter worth approximately $41,000. Finally, Vista Private Wealth Partners. LLC purchased a new stake in shares of General Mills during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 69.48% of the company’s stock.

GIS traded down $0.29 on Monday, hitting $53.42. The company’s stock had a trading volume of 138,265 shares, compared to its average volume of 3,278,627. The company’s 50 day simple moving average is $52.90 and its 200-day simple moving average is $53.26. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 1.37. General Mills, Inc. has a 12 month low of $42.80 and a 12 month high of $56.40. The firm has a market cap of $32.48 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 2.26 and a beta of 0.72.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.07. General Mills had a net margin of 12.62% and a return on equity of 27.33%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same period last year, the firm earned $0.85 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts predict that General Mills, Inc. will post 3.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, January 9th. General Mills’s payout ratio is 60.87%.

GIS has been the subject of several research analyst reports. Deutsche Bank initiated coverage on shares of General Mills in a research note on Wednesday, December 11th. They set a “buy” rating and a $61.00 price target for the company. Evercore ISI initiated coverage on shares of General Mills in a research note on Friday, December 20th. They set a “hold” rating and a $56.00 price target for the company. Jefferies Financial Group initiated coverage on shares of General Mills in a research note on Wednesday, January 22nd. They set a “hold” rating and a $57.00 price target for the company. UBS Group raised their price target on shares of General Mills from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Finally, ValuEngine upgraded shares of General Mills from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. General Mills has an average rating of “Hold” and an average target price of $55.61.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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

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