Folger Nolan Fleming Douglas Capital Management Inc. Has $947,000 Holdings in General Mills, Inc. (NYSE:GIS)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,534 shares of the company’s stock after selling 392 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in General Mills were worth $947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Operose Advisors LLC boosted its position in shares of General Mills by 214.1% during the 3rd quarter. Operose Advisors LLC now owns 402 shares of the company’s stock worth $26,000 after acquiring an additional 274 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of General Mills during the 4th quarter worth approximately $28,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of General Mills during the 3rd quarter worth approximately $31,000. HHM Wealth Advisors LLC acquired a new stake in shares of General Mills during the 3rd quarter worth approximately $32,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of General Mills during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the topic of several analyst reports. Mizuho increased their price target on shares of General Mills from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Wells Fargo & Company increased their price objective on shares of General Mills from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Stifel Nicolaus reissued a “buy” rating and issued a $77.00 price objective on shares of General Mills in a research note on Monday, April 22nd. JPMorgan Chase & Co. increased their price objective on shares of General Mills from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, Barclays increased their price objective on shares of General Mills from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.18.

Insiders Place Their Bets

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.21, for a total value of $692,100.00. Following the completion of the sale, the insider now directly owns 93,381 shares in the company, valued at $6,462,899.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 17,726 shares of company stock worth $1,187,811. 0.24% of the stock is currently owned by company insiders.

General Mills Trading Down 0.8 %

NYSE GIS traded down $0.55 during mid-day trading on Friday, reaching $70.83. 4,170,378 shares of the stock were exchanged, compared to its average volume of 3,758,869. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.40. The stock has a market cap of $40.22 billion, a P/E ratio of 16.25, a P/E/G ratio of 2.46 and a beta of 0.15. The stock has a 50 day simple moving average of $67.65 and a 200-day simple moving average of $65.58. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.97 billion. General Mills had a net margin of 12.66% and a return on equity of 26.84%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $0.97 earnings per share. On average, analysts anticipate that General Mills, Inc. will post 4.51 EPS for the current year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Tuesday, April 9th. General Mills’s payout ratio is 54.13%.

General Mills 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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.