Kathmere Capital Management LLC Purchases 5,367 Shares of General Mills, Inc. (NYSE:GIS)

Kathmere Capital Management LLC increased its position in General Mills, Inc. (NYSE:GIS) by 93.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,125 shares of the company’s stock after acquiring an additional 5,367 shares during the quarter. Kathmere Capital Management LLC’s holdings in General Mills were worth $778,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GIS. Norges Bank bought a new position in General Mills in the 4th quarter worth $377,205,000. Massachusetts Financial Services Co. MA increased its holdings in shares of General Mills by 106.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,442,653 shares of the company’s stock worth $224,254,000 after purchasing an additional 1,778,345 shares during the period. American Century Companies Inc. increased its holdings in shares of General Mills by 257.7% during the 3rd quarter. American Century Companies Inc. now owns 1,061,943 shares of the company’s stock worth $67,954,000 after purchasing an additional 765,070 shares during the period. LSV Asset Management increased its holdings in shares of General Mills by 165.6% during the 4th quarter. LSV Asset Management now owns 1,049,750 shares of the company’s stock worth $68,381,000 after purchasing an additional 654,550 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of General Mills by 6,893.6% during the 4th quarter. International Assets Investment Management LLC now owns 512,139 shares of the company’s stock worth $33,361,000 after purchasing an additional 504,816 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

NYSE:GIS opened at $63.26 on Friday. The firm has a market cap of $35.31 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 3.03 and a beta of 0.12. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $77.63. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The company’s 50-day moving average price is $68.51 and its two-hundred day moving average price is $66.75.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the business earned $1.12 earnings per share. General Mills’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts anticipate that General Mills, Inc. will post 4.52 EPS for the current fiscal year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.79%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, July 10th. General Mills’s dividend payout ratio is presently 55.68%.

Analysts Set New Price Targets

Several research firms have recently issued reports on GIS. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a report on Thursday. Bank of America dropped their price objective on shares of General Mills from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday. Evercore ISI lowered their target price on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a research note on Friday. Citigroup lowered their target price on shares of General Mills from $71.00 to $68.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus lowered their target price on shares of General Mills from $77.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.44.

Insider Transactions at General Mills

In other news, insider Werner Lanette Shaffer sold 710 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the transaction, the insider now directly owns 17,397 shares in the company, valued at $1,227,706.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

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.