General Mills, Inc. (NYSE:GIS) Stock Position Raised by SPC Financial Inc.

SPC Financial Inc. lifted its stake in General Mills, Inc. (NYSE:GIS) by 1.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,785 shares of the company’s stock after acquiring an additional 202 shares during the period. SPC Financial Inc.’s holdings in General Mills were worth $825,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GIS. MeadowBrook Investment Advisors LLC bought a new position in shares of General Mills in the 4th quarter valued at approximately $27,000. Bruce G. Allen Investments LLC bought a new position in shares of General Mills in the 4th quarter valued at approximately $28,000. Rise Advisors LLC raised its stake in shares of General Mills by 199.3% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock valued at $29,000 after acquiring an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in shares of General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after acquiring an additional 336 shares in the last quarter. Finally, Fortis Group Advisors LLC raised its stake in shares of General Mills by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after acquiring an additional 229 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Price Performance

Shares of General Mills stock traded up $0.51 during midday trading on Thursday, hitting $63.17. 3,374,902 shares of the company were exchanged, compared to its average volume of 4,157,067. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.38. The firm has a market cap of $35.26 billion, a P/E ratio of 14.59, a PEG ratio of 3.53 and a beta of 0.09. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $77.63. The firm has a 50 day simple moving average of $67.25 and a 200-day simple moving average of $66.59.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.99 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. General Mills’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $1.12 EPS. Research analysts forecast that General Mills, Inc. will post 4.5 earnings per share for the current year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Wednesday, July 10th. This is an increase from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is 54.76%.

Insider Buying and Selling

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction on Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the transaction, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GIS. HSBC raised their price objective on General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Bank of America lowered their target price on General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. TD Cowen raised their target price on General Mills from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Citigroup lowered their target price on General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Finally, Stifel Nicolaus lowered their target price on General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.00.

General Mills Company 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.