General Mills, Inc. (NYSE:GIS) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,563 shares of the company’s stock after purchasing an additional 8,561 shares during the quarter. Commonwealth Equity Services LLC owned 0.07% of General Mills worth $32,487,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GIS. Evoke Wealth LLC increased its position in shares of General Mills by 2.0% in the first quarter. Evoke Wealth LLC now owns 5,737 shares of the company’s stock valued at $490,000 after buying an additional 115 shares in the last quarter. Colonial Trust Advisors increased its holdings in General Mills by 1.6% in the 1st quarter. Colonial Trust Advisors now owns 8,142 shares of the company’s stock worth $696,000 after acquiring an additional 126 shares in the last quarter. IHT Wealth Management LLC raised its position in General Mills by 2.2% during the first quarter. IHT Wealth Management LLC now owns 5,817 shares of the company’s stock worth $497,000 after acquiring an additional 126 shares during the period. Wayfinding Financial LLC lifted its holdings in General Mills by 4.3% during the first quarter. Wayfinding Financial LLC now owns 3,159 shares of the company’s stock valued at $269,000 after purchasing an additional 129 shares in the last quarter. Finally, Everett Harris & Co. CA grew its position in shares of General Mills by 1.7% in the second quarter. Everett Harris & Co. CA now owns 8,006 shares of the company’s stock valued at $614,000 after purchasing an additional 132 shares during the period. 75.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GIS shares. StockNews.com began coverage on shares of General Mills in a research report on Thursday, October 5th. They set a “hold” rating for the company. The Goldman Sachs Group reduced their target price on General Mills from $70.00 to $61.00 and set a “sell” rating for the company in a report on Wednesday, September 20th. Bank of America lowered their price target on General Mills from $82.00 to $72.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 23rd. Royal Bank of Canada reduced their price objective on General Mills from $78.00 to $76.00 and set a “sector perform” rating for the company in a research note on Thursday, September 21st. Finally, Stifel Nicolaus lowered their target price on shares of General Mills from $86.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and an average price target of $74.94.

General Mills Stock Down 0.4 %

GIS stock opened at $64.76 on Monday. General Mills, Inc. has a one year low of $60.33 and a one year high of $90.89. The firm has a market cap of $37.64 billion, a PE ratio of 15.80, a PEG ratio of 2.17 and a beta of 0.27. The firm’s 50 day moving average price is $64.49 and its 200-day moving average price is $73.09. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.41 and a current ratio of 0.72.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 20th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.88 billion. General Mills had a return on equity of 24.39% and a net margin of 12.07%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 earnings per share. On average, equities research analysts anticipate that General Mills, Inc. will post 4.48 EPS for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Tuesday, January 9th. General Mills’s dividend payout ratio (DPR) is presently 57.56%.

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.