General Mills, Inc. (NYSE:GIS) Shares Purchased by Willingdon Wealth Management

Willingdon Wealth Management boosted its position in General Mills, Inc. (NYSE:GIS) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,041 shares of the company’s stock after acquiring an additional 660 shares during the quarter. Willingdon Wealth Management’s holdings in General Mills were worth $3,468,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bragg Financial Advisors Inc raised its holdings in General Mills by 1.0% during the first quarter. Bragg Financial Advisors Inc now owns 36,123 shares of the company’s stock worth $1,869,000 after purchasing an additional 345 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in General Mills by 58.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 161,292 shares of the company’s stock worth $8,347,000 after purchasing an additional 59,204 shares in the last quarter. Private Ocean LLC raised its holdings in General Mills by 585.4% during the first quarter. Private Ocean LLC now owns 1,405 shares of the company’s stock worth $73,000 after purchasing an additional 1,200 shares in the last quarter. Wellington Shields Capital Management LLC acquired a new stake in General Mills during the first quarter worth approximately $207,000. Finally, Victory Capital Management Inc. raised its holdings in General Mills by 3.2% during the first quarter. Victory Capital Management Inc. now owns 303,886 shares of the company’s stock worth $15,726,000 after purchasing an additional 9,520 shares in the last quarter. 69.19% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:GIS traded up $0.11 during midday trading on Tuesday, reaching $54.38. The stock had a trading volume of 2,369,224 shares, compared to its average volume of 3,400,613. The business’s fifty day simple moving average is $53.37. General Mills, Inc. has a 12-month low of $36.42 and a 12-month high of $54.74. The company has a current ratio of 0.59, a quick ratio of 0.37 and a debt-to-equity ratio of 1.58. The stock has a market cap of $32.76 billion, a PE ratio of 16.89, a P/E/G ratio of 2.29 and a beta of 0.77.



General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. General Mills had a net margin of 10.39% and a return on equity of 27.67%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same period last year, the firm posted $0.79 EPS. General Mills’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that General Mills, Inc. will post 3.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.96 dividend on an annualized basis and a yield of 3.60%. General Mills’s dividend payout ratio (DPR) is 60.87%.

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of General Mills from $49.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, June 27th. Piper Jaffray Companies lifted their target price on shares of General Mills from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Edward Jones raised shares of General Mills from a “hold” rating to a “buy” rating in a report on Monday, July 15th. UBS Group lifted their target price on shares of General Mills from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $49.00 target price on shares of General Mills in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. General Mills currently has an average rating of “Hold” and an average target price of $52.66.

General Mills Profile

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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