General Mills, Inc. (NYSE:GIS) Shares Sold by Murphy Capital Management Inc.

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Murphy Capital Management Inc. lessened its stake in shares of General Mills, Inc. (NYSE:GIS) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,368 shares of the company’s stock after selling 932 shares during the period. Murphy Capital Management Inc.’s holdings in General Mills were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Wealth Alliance Advisory Group LLC raised its holdings in General Mills by 3.8% in the 1st quarter. Wealth Alliance Advisory Group LLC now owns 5,396 shares of the company’s stock valued at $276,000 after acquiring an additional 200 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in General Mills by 2.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,270 shares of the company’s stock valued at $434,000 after acquiring an additional 200 shares during the last quarter. Covington Capital Management raised its holdings in General Mills by 1.4% in the 2nd quarter. Covington Capital Management now owns 15,000 shares of the company’s stock valued at $788,000 after acquiring an additional 200 shares during the last quarter. Allworth Financial LP raised its holdings in General Mills by 5.0% in the 3rd quarter. Allworth Financial LP now owns 4,237 shares of the company’s stock valued at $234,000 after acquiring an additional 200 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. raised its holdings in General Mills by 4.6% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 5,021 shares of the company’s stock valued at $264,000 after acquiring an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 68.66% of the company’s stock.

General Mills stock opened at $54.35 on Friday. The firm has a 50 day simple moving average of $54.22 and a 200-day simple moving average of $52.86. General Mills, Inc. has a 1-year low of $36.42 and a 1-year high of $56.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.62 and a quick ratio of 0.37. The stock has a market cap of $32.85 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.30 and a beta of 0.73.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 18th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. General Mills had a net margin of 11.21% and a return on equity of 27.38%. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities analysts expect that General Mills, Inc. will post 3.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.96 annualized dividend and a dividend yield of 3.61%. General Mills’s dividend payout ratio (DPR) is 60.87%.

GIS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of General Mills from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, August 22nd. Stifel Nicolaus increased their price objective on shares of General Mills from $52.00 to $54.00 and gave the company a “hold” rating in a report on Thursday, September 19th. Credit Suisse Group reiterated a “hold” rating and issued a $56.00 price objective on shares of General Mills in a report on Thursday, September 12th. Morgan Stanley increased their price objective on shares of General Mills from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, September 19th. Finally, ValuEngine raised shares of General Mills from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. General Mills presently has an average rating of “Hold” and a consensus target price of $53.64.

In related news, insider Kofi A. Bruce sold 15,582 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $54.33, for a total transaction of $846,570.06. Following the completion of the transaction, the insider now owns 35,487 shares of the company’s stock, valued at approximately $1,928,008.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

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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