<div id="readability-page-1"><p>Dumont &amp; Blake Investment Advisors LLC lowered its stake in  General Mills, Inc. (NYSE:GIS - Free Report) by 49.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 18,472 shares of the company's stock after selling 18,330 shares during the quarter. Dumont &amp; Blake Investment Advisors LLC's holdings in General Mills were worth $1,364,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><div><p><span></span><span>Get <strong>General Mills</strong> alerts:</span></p></div><ul><li>Oversold But Ready to Rally: 5 Stocks to Watch Now</li></ul><p>A number of other hedge funds have also added to or reduced their stakes in the stock. North Star Investment Management Corp. grew its stake in  General Mills by 0.8% during the first quarter. North Star Investment Management Corp. now owns 17,228 shares of the company's stock valued at $1,205,000 after acquiring an additional 145 shares in the last quarter.  Deseret Mutual Benefit Administrators boosted its holdings in  General Mills by 4.9% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,261 shares of the company's stock valued at $206,000 after purchasing an additional 151 shares during the period.  Park Place Capital Corp grew its position in shares of  General Mills by 40.6% during the 1st quarter. Park Place Capital Corp now owns 540 shares of the company's stock valued at $38,000 after purchasing an additional 156 shares in the last quarter.  Secure Asset Management LLC increased its holdings in shares of  General Mills by 5.0% in the second quarter. Secure Asset Management LLC now owns 3,305 shares of the company's stock worth $209,000 after purchasing an additional 157 shares during the period.  Finally, LCM Capital Management Inc raised its position in shares of  General Mills by 1.9% in the second quarter. LCM Capital Management Inc now owns 8,521 shares of the company's stock worth $539,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own  75.71% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of equities analysts have weighed in on GIS shares. Mizuho decreased their target price on General Mills from $70.00 to $62.00 and set a &#34;neutral&#34; rating on the stock in a research note on Wednesday, July 3rd. Wells Fargo &amp; Company upped their price objective on shares of General Mills from $67.00 to $75.00 and gave the stock an &#34;equal weight&#34; rating in a research report on Friday, September 13th. Piper Sandler increased their price target on shares of General Mills from $74.00 to $84.00 and gave the stock an &#34;overweight&#34; rating in a report on Thursday, September 19th. Royal Bank of Canada  restated a &#34;sector perform&#34; rating and set a $70.00 price target on shares of General Mills in a research report on Thursday, September 19th. Finally, Bank of America raised their price objective on General Mills from $68.00 to $75.00 and gave the company a &#34;neutral&#34; rating in a report on Thursday, September 12th. One investment analyst  has rated the stock with a sell rating, twelve have assigned  a hold rating and three have issued  a buy rating to the company. Based on data from MarketBeat, the company  has a consensus rating of &#34;Hold&#34; and an average price target of $73.00.</p><ul><li>Conagra's EPS Miss Opens the Door for a Buy-the-Dip Opportunity</li></ul><p><b>View Our Latest Stock Analysis on General Mills</b></p><h2>General Mills Price Performance</h2><p>General Mills stock traded up $0.17 during mid-day trading on Friday, reaching $68.78. 48,621 shares of the company's stock traded hands, compared to its average volume of 3,880,066. General Mills, Inc. has a 12-month low of $61.47 and a 12-month high of $75.90. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 3.71 and a beta of 0.10. The stock has a 50 day moving average of $72.33 and a two-hundred day moving average of $69.19. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. </p><ul><li>Why General Mills Is the Perfect Hedge for S&amp;P 500 Volatility</li></ul><p>General Mills (NYSE:GIS - Get Free Report) last announced its earnings results on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business's revenue for the quarter was down 1.2% on a year-over-year basis.  Equities analysts forecast that  General Mills, Inc. will post 4.51 earnings per share for the current year. </p><h2>General Mills Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Thursday, October 10th. General Mills's dividend payout ratio  is 55.68%. </p><h2>Insiders Place Their Bets</h2><p>In other news, CAO Mark A. Pallot sold 8,083 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total value of $576,156.24. Following the sale, the chief accounting officer now directly owns 14,813 shares in the company, valued at approximately $1,055,870.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. In other General Mills news, insider Pankaj Mn Sharma sold 2,325 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares of the company's stock, valued at approximately $2,700,411.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark A. Pallot sold 8,083 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $71.28, for a total transaction of $576,156.24. Following the completion of the transaction, the chief accounting officer now directly owns 14,813 shares of the company's stock, valued at $1,055,870.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,055 shares of company stock worth $1,467,311 in the last three months. Corporate insiders own  0.24% of the company's stock. </p><h2>General Mills Company Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than General Mills</li><li>Comparing and Trading High PE Ratio Stocks</li><li>Monopar Therapeutics Skyrockets 400% on Licensing Deal</li><li>What is Put Option Volume?</li><li>Tractor Supply Stock Pulls Back: A Prime Buying Opportunity</li><li>3 Small Caps With Big Return Potential</li><li>The Downtrend in UPS Stock Isn’t Over Yet</li></ul><p><strong>Want to see what other hedge funds are holding GIS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Mills, Inc. (NYSE:GIS - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdJUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdJUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Don’t Miss Out! 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<p>Dumont & Blake Investment Advisors LLC reduced its stake in General Mills, Inc. (NYSE:GIS) by 49.8% in Q3, selling 18,330 shares. Post-sale, they hold 18,472 shares valued at $1,364,000. Other hedge funds have also adjusted their stakes. Analysts have mixed ratings on GIS, with a consensus rating of "Hold" and an average price target of $XX. General Mills' stock recently traded at $XX.78, with a market cap of $XX.39 billion and a P/E ratio of 15.92. The company reported earnings of $0.07 per share, exceeding estimates.</p>

Dumont & Blake Investment Advisors LLC Sells 18,330 Shares of General Mills, Inc. (NYSE:GIS)