Mesirow Financial Investment Management Inc. Has $847,000 Stake in General Mills, Inc. (NYSE:GIS)

Mesirow Financial Investment Management Inc. reduced its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,384 shares of the company’s stock after selling 463 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in General Mills were worth $847,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rise Advisors LLC lifted its position in General Mills by 199.3% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after buying an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of General Mills by 409.8% in the first quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after acquiring an additional 336 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in shares of General Mills by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock worth $30,000 after acquiring an additional 229 shares in the last quarter. RFP Financial Group LLC boosted its position in General Mills by 66.3% during the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock valued at $30,000 after purchasing an additional 173 shares during the last quarter. Finally, Perkins Coie Trust Co grew its stake in General Mills by 769.2% in the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Trading Up 1.2 %

General Mills stock opened at $74.63 on Tuesday. General Mills, Inc. has a 52 week low of $60.33 and a 52 week high of $75.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65. The firm has a market capitalization of $41.65 billion, a PE ratio of 17.32, a PEG ratio of 3.86 and a beta of 0.10. The business’s 50-day simple moving average is $68.97 and its 200-day simple moving average is $68.28.

General Mills (NYSE:GIS) last issued its quarterly 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. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the previous year, the business posted $1.12 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities 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 was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were paid a dividend of $0.60 per share. This is a boost from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Wednesday, July 10th. General Mills’s dividend payout ratio is presently 55.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GIS. Barclays cut their price target on General Mills from $72.00 to $67.00 and set an “equal weight” rating for the company in a research note on Friday, June 28th. The Goldman Sachs Group started coverage on shares of General Mills in a research note on Monday, August 12th. They issued a “buy” rating and a $76.00 target price for the company. Argus reissued a “hold” rating on shares of General Mills in a research report on Tuesday, July 16th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Thursday, June 27th. Finally, Stifel Nicolaus decreased their price objective on shares of General Mills from $77.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $70.60.

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 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.